The comparative balance sheets for Swifty Corporation as of December 31 are presented below, Swifty Corporation Comparative Balance Sheets December 31 Assets 2017 2016 Cash $ 79,152 $ 52,380 Accounts receivable 58,200 67,512 Inventory 176,288 165.288 Prepaid expenses 17,786 24444 Land 168.780 151,320 Buildings 232,800 232.800 Accumulated depreciation--buildings (69,840) (46,560 Equipment 261.900 180.420 Accumulated depreciation--equipment (52 380) (40,740) Total $872,686 $786,864 Liabilities and Stockholders'Equity Accounts payable Bonds payable Common stock. 51 par Retained earnings Total $ 52,066 349.200 232,800 238,620 $872,686 $41.904 349.200 186,240 209,520 $786,864 Additional information: 1 2 3. 4, Operating expenses include depreciation expense of $48,888 Land was sold for cash at book value Cash dividends of $13,968 were paid. Net income for 2017 was $43,068 Equipment was purchased for $107.088 cash. In addition, equipment costing $25,608 with a book value of $11.640 was sold for 59,312 cash 46,560 shares of $1 par value common stock were kwed in exchange for land with a fair value of $46,560 5. 6. Swifty Corporation Statement of Cash Flows Adjustments to reconcile net income to V V V