The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is as follows: Dec 31, 2016 Dec 31, 2015 Assets 3 Cash $626,100.00 $585,190.00 228,630.00 4 Accounts receivable (net) 208,060.00 641,030.00 5 Inventories 617,620.00 0.00 239,830.00 6 Investments 7 Land 328,160.00 0.00 705,110.00 553,850.00 8 Equipment 9 Accumulated depreciation-equipment $2,362,190.00 $2,056,850.00 10 Total assets Liabilities and Stockholders' Equity 11 $423,690.00 $404,660.00 12 Accounts payable (merchandise creditors) 53,240.00 42,340.00 13 Accrued expenses payable (operating expenses) 14 Dividends payable 18,680.00 23,050.00 150,000.00 100.00000 15 Common stock, $2 pa 16 Paid-in capital:Excess of issue price over par-common stock 417,500.00 280,000.00 17 Retained earnings 1.305,610.00 1.200,270.00 $2,362,190.00 $2,056,850.00 18 Total liabilities and stockholders' equity