The Extra Surplus Company's Balance Sheet for December 31, 2015 and the Income Statement for 2016 are shown below. Extra Surplus Company Balance Sheet December 31, 2015 Assets 14,500 Cash 7,250 Accounts Receivable Inventory 17,400 29,000 Property and Equipment, Net 68,150 Liabilities and Stockholders' Equity 14,500 Accounts Payable Notes Payable, Long-Term 7,250 29,000 Common Stock Retained Earnings 17,400 68,150 Extra surplus Company Income Statement For the Year Ended December 31, 2016 24,700 Sales 5,700 Cost of Goods Sold Salaries and Wage Expense 5,700 Interest Expense 1.900 Other Expenses 950 10,450 Net Income