The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Assets Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Dec. 31, 20Y8 Dec. 31, 2017 $88,710 $108,820 136,300 146,700 194,730 181,830 7,930 5,510 396,650 325,770 (103,130) (79,890) $721,190 $688,740 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $151,450 $143,950 Mortgage note payable 0 206,620 Common stock, $1 par 22,000 14,000 Paid-in capital in excess of par-common stock 330,000 194,000 Retained earnings 217,740 130,170 Total liabilities and stockholders' equity $721,190 $688,740