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 2016 2015 Assets Current assets Cash Accounts receivable, net Inventory Other current assets $417,500 776,450 681,000 247,000 2,121,950 8,362,830 $11,804,520 $10,484,780 $338,000 1,065,000 741,000 357,000 2,501,000 9,303,520 Total current assets Property, plant, & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt $3,127,000 2,846,100 3,892,600 6,738,700 57,000 103,900 3,585,180 3,746,080 $11,804,520 $10,484,780 3,702,650 6,829,650 57,000 156,000 4,761,870 4,974,870 Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Sheridan Medical Comparative Income Statement and Statement of Retained Earnings For the Year