Question 8 Condensed financial data of Sweet Company for 2017 and 2016 are presented below SWEET COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2016 $1,820 $1,150 1,310 1,930 1,710 2017 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 1,780 1,600 1,930 (1,200) (1,160) 1,320 7,250$6,340 1,400 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $880 270 1,520 1,730 1,940 $7,250$6.340 $1,190 190 1,430 1,900 2,540 SWEET COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017