The comparative balance sheets of Connielo Company, for Years 1 and 2 ended December 31, appear below in condensed form. Year 2 Year 1 Cash $45,000 $53,500 Accounts Receivable (net) 51,300 58,000 Inventories 147,200 135,000 Investments 0 60,000 Equipment 493,000 375,000 Accumulated Depreciation-Equipment (113,700) (128,000) $622,800 $553,500 Accounts Payable $61,500 $42,600 Bonds Payable, Due Year 4 0 100,000 Common Stock, $10 par 250,000 200,000 Paid-In Capital in Excess of Par-Common Stock 75,000 50,000 Retained Earnings 236,300 160,900 $622,800 $553,500 The incom