The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is as follows: Dec. 31,20Y6 Dec. 31,20YS Assets 3 Cash 4 Accounts receivable (net) 5 Inventories 6 Investments 7 Land 8 Equipment 9 Accumulated depreciation-equipment 10 Total assets 5643,400.00 $679,400.00 547,400.00 982,800.00 240,000.00 0.00 680,000.00 244,400.00) 200,400.00) $3,376,800.00 $2,929,200.00 566,800.00 1,011,000.00 0.00 520,000.00 880,000.00 Liabilities and Stockholders'Equity 12 Accounts payable (merchandise creditors) 13 Accrued expenses payable (operating expenses) 14 Dividends payable 15 Common stock, $2 par 16 Paid-in capital: Excess of issue price over par-common stock 17 Retained earnings 18 Total liabilities and stockholders' equity 771,800.00 $748,400.00 70,800.00 6,400.00 32,000.00 192,000.00 1,879,600.00 $3,376,800.00 $2,929,200.00 63,400.00 8,800.00 56,000.00 408,000.00 2,068,800.00