The balance sheet information of Cormier Limited at December 31 appears below 2017 2016 Debits Cash Accounts receivable Merchandize inventory Prepaid expenses Land Buildings Machinery Patents, at carrying amount $40 $ 30 28 106 6 20 180 80 10 S570 $460 38 102 -0 240 134 Credits Accounts payable Income taxes payable Accumulated depreciation Non-current borrowings Common shares Retained earnings $ 40$ 44 80 60 240 30 S570 $460 76 70 310