The 2017 comparative balance sheet and income statement of Patel Winery, Inc. follows: Patel Winery, Inc. Comparative Balance Sheet December 31, 2017 and 2016 Increase 2017 2016 Decrease Current assets Cash and cash equivalents Accounts receivable Inventory $26,400 26,700 79,800 $15,900 $10,500 1,200 (11,900) 25,500 91,700 Plant assets: Land Equipment, net 34,600 11,000 23,600 103,900814.200 89,700 Total assets $271400 $233.800$37600 Current liabilities: $35,500 $30,600 $4,900 Accounts payable Accrued liabilities 28,600 30,700(2,100) Long-term liabilities: Notes payable Stockholders' Equity: Common stock 78,000 101,000(23,000) 88,80064,900 23,900 40.5006600 33,900 Total liabilities and stockholder equity $271.400 $233,800$37600 Retained earnings