The Extra Surplus Company's Balance Sheet for December 31, 2015 and the Income Statement for 2018 are shown below Extra Surplus Company Balance Sheet December 31, 2015 Cash Accounts Receivable Inventory Property and Equipment, Net S 14,000 7,000 16,800 28,000 65800 Liabilities and Stockholders' Equity Accounts Payable Notes Payable, Long-Term Common Stock 14.000 7,000 28,000 16,800 Retained Eanings 5 85,800 Extra Surplus Company Income Statement For the Year Ended December 31. 2016 Sales Cost of Goods Sold Salaries and Wage Expense Interest Expense Other Expenses 5 23,400 5400 5 400 1800 200 Ner Income 5 9.900 Asdtional data sales were S23 400. S14 400 in cash was eceved from customers Bought new land for cash, $18.000 Sold cther land for its book value of S8 000 Paid 31.800 principal on the Issued neww shares of stock for 518,000 cash Cash dividends of $2 800 were declared and paid to stockholders Paid 510.300 on accounts payable No inventory purchases were made: other expeses ware incumred on account All wages were paid in cash Other expenses were on account note payable and $1,800 in interest a. Precars a balance shee: a Decemcer 31, 201 EXTRA SURPLUS COMPANY Balance Sheet at December 31 2016 2015