The comparative balance sheet of Pelican Joe Industries Inc. for December 31, 2016 and 2015, is as follows: Dec 31, 2016 Dec 31, 2015 Assets $16300 3 Cash $485.00 285.00 198.00 4 Accounts receivable (net 170.00 112.00 5 Inventories 395.00 454 00 6 Land 7 Equipment 220.00 180.00 G200 (5800) 8 Accumulated depreciation-equipment 9 Total assets $1,075.00 $149700 Liabilities and Stockholders Equity 10 $17400 $155.00 11 Accounts payable (merchandise creditors) 12 Dividends payable 28.00 13 Common stock,$10 par 48.00 105.00 14 Paid-in capital: Excess of issue price over par-common stock 245.00 12300 945.00 749.00 15 Retained earnings $1,075.00 $1,49700 16 Total liabilities and stockholders' equity