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The comparative balance sheet of Cromme Inc. for December 31, 2018 and 2015, is shown as follows Dec. 31, 2016 Dec. 31, 2015 Assets 5585,760.00
The comparative balance sheet of Cromme Inc. for December 31, 2018 and 2015, is shown as follows Dec. 31, 2016 Dec. 31, 2015 Assets 5585,760.00 208,880.00 616,790.00 240,82000 0.00 554,020.00 167,160.00)(148,95000) 35991000$2,057,34000 626,170.00 227,840.00 641390.00 0.00 327,380.00 704,290.00 3 Cash 4 Accounts receivable (net) 5 Inventories 6 Investments Land 8Equipment 0 Total assets Liabilities and Stockholders' Equity 424670.00404,080.00 52,050.00 19,300.00 102,000.00 280,600.00 09,840.001199,31000 2,359,910.00 $2,057,340.00 12 Accounts payable (merchandise creditors) 43,080.00 24,920.00 14000000 17,400.00 13 Accrued expenses payable (operating expenses) Dividends payable 15 Common stock, $4 par 16 Paid-in capital: Excess of issue price over par-common stock 17 Retained earnings 8aLiabilities and stockholders' equity Additional data obtained from an examination of the accounts in the ledger for 2018 are as follows A. The investments were sold for $279,890 cash. B. Equipment and land were acquired for cash. C. There were no disposals of equipment during the year D. The common stock was issued for cash. E. There was a $208,210 credit to Retained Earnings for net income. F. There was a $95,880 debit to Retained Earnings for cash dividends declared
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