Sunland Company has these comparative balance sheet data: SUNLAND COMPANY Balance Sheets December 31 2017 2016 Cash Accounts receivable (net) Inventory Plant assets (net) $ 36,930 172,340 147,720 492,400 $849,390 $123,100 246,200 344,680 135,410 $849,390 $ 73,860 147,720 123,100 443,160 $787,840 $ 147,720 246,200 295,440 98,480 $787,840 Accounts payable Mortgage payable (15%) Common stock, $10 par Retained earnings Additional information for 2017: 1. Net income was $26,300 2. Sales on account were $379,500. Sales returns and allowances amounted to $30,000 3. Cost of goods sold was $228,900 4. Net cash provided by operating activities was $56,000 5. Capital expenditures were $28,500, and cash dividends were $17,900