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Question Presented below is a condensed version of the comparative balance sheets for Ayayai Corporation for the last two years at December 3 2016 $44,800

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Question Presented below is a condensed version of the comparative balance sheets for Ayayai Corporation for the last two years at December 3 2016 $44,800 2017 Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilties Common stock Retained earnings $178,700 18,300 77,000 71,700 98,100 48,500 176,00 2,900 (68,s00) 35,500 91,700 37,900 65,300 50,500 170,900 Additional information: Investments were sold at a gain of $5,900; no investments were purchased; no equipment was sold; cash dividends paid were $39,900; and net income was $219,500

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