Sheridan Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Sheridan Medical Comparative Balance Sheet As of December 31 Assets 2016 2015 Current assets Cash $347,000 $417,500 Accounts receivable, net 1,067,900 776,400 Inventory 725,000 681,050 Other current assets 382,000 247,000 Total current assets 2,521,900 2,121,950 Property, plant, & equipment, net 10,254,305 8,403,645 Total assets $12,776,205 $10,525,595 Liabilities and Stockholders' Equity Current liabilities $3,194,000 $2,846,100 Long-term debt 3,702,700 3,892,650 Total liabilities 6,896,700 6,738,750 Preferred stock, $5 par value 51,900 51,900 Common stock, $0.25 par value 194,000 103,850 Retained earnings 5,633,605 3,631,095 Total stockholders' equity Total liabilities and stockholders' equity 5,879,505 3,786,845 $12,776,205 $10,525,595