Spence Resources Inc's December 31 incomplete balance sheet information follows along with additional information: 2017 2016 2015 $361,620 $211,400 138,600 261,870 176,666 138,110 Accounts payable Accounts receivable, net Cash Common shares Long-term notes payable due 2020 Inventory Plant assets, net Prepaid expenses 72,870 98,784 103,390 462,000 462,000 462,000 276,500 290,500 234,500 315,700 234,500 151,900 784,000 721,000 649,600 27,440 26,800 11,480 46 200 shares were issued and outstanding for all three years. December 31 2017 2016 $37.00 $35.00 Common shares market price Annual cash dividends declared per share 1.30 1.00 Required 1. Prepare a three-year comparative balance sheet for Spence Resources Inc. (Enter all amounts as positive values.) SPENCE RESOURCES INC Balance Sheet December 31 2017 2016 2015 Assets Current assets