The comparative balance sheet for Expedition Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Expedition Travel Services, Inc.: (Click the icon to view the transaction data.) Balance Sheet Transactions a. Land was sold for $12,300. b. Equipment was purchased for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. Net income for 2017 was $31,000. f. Cash dividends paid during the year were $6,000. Get more help . \begin{tabular}{|l|l|r|r|} \hline 17 & \multicolumn{1}{|c|}{ Liabilities } & & \\ \hline 18 & Current liabilities: & & \\ \hline 19 & Accounts payable & $30,000 & $33,000 \\ \hline 20 & Wages payable & 27,000 & 24,000 \\ \hline 21 & Interest payable & 15,000 & 13,000 \\ \hline 22 & Income taxes payable & 11,000 & 8,000 \\ \hline 23 & Total current liabilities & $83,000 & $78,000 \\ \hline 24 & & & \\ \hline 25 & Notes payable (long-term) & 100,000 & 90,000 \\ \hline 26 & Total liabilities & $183,000 & $168,000 \\ \hline 27 & & & \\ \hline 28 & & & \\ \hline 29 & Common stock & $135,000 & $120,000 \\ \hline 30 & Retained earnings & 43,000 & 18,000 \\ \hline 31 & Total stockholders' equity & $178,000 & $138,000 \\ \hline 32 & & & \\ \hline 33 & Total liabilities and equity & $361,000 & $306,000 \\ \hline \end{tabular}