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Question 2 Bridgeport Inc., a greeting card company, had the following statements prepared as of December 31, 2017. BRIDGEPORT INC. COMPARATIVE BALANCE SHEET AS OF

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Question 2 Bridgeport Inc., a greeting card company, had the following statements prepared as of December 31, 2017. BRIDGEPORT INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 12/31/17 12/31/16 Cash $6,000 $6,900 62,400 50,800 Short-term debt investments (available-for-sale) 35,100 18,100 40,100 60,400 5,100 4,000 152,400 131,000 Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipment Copyrights Total assets (34,700) (24,800) 45,500 49,900 $311,900 $296,300 Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, $10 par Contributed capital, common stock Retained earnings $45,900 $39,900 4,000 6,000 8,100 4,000 8,10010,000 59,500 68,700 100,000 100,000 30,000 30,000 56,300 37,700 $311,900 $296,300 Total liabilities&stockholders' equity

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