ROTHLISBERGER COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment 2017 2016 $ 81,000 $ 45,000 41,000 151,450 15,280 105,000 200,000 (60,000) 221,000 (45,000) 62,00021 142,000 21,000 130,000 7 200,000 (40,000) 155,000 (35,000) 7 51 166 Accumulated depreciation-equipment Total 9709,730$680,000 O Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings 47,730 260,000 200,000 202,000 $709,730 40,000 300,000 160,000 180,000 Total $680,000 Additional information: . Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $5,720. 2. Land was sold for cash at book value. 3. Cash dividends of $20,000 were paid. 4. Net income for 2017 was $42,000