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 Cash Accounts Receivable $ 13,500 6,750 16,200 27,000 Property and Equipment, Net $ 63,450 Liabilities and Stockholders' Equity Accounts Payable Notes Payable, Long-Term Common Stock Retained Earnings $ 13,500 6,750 27,000 16,200 63,450 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 S 22,100 5,100 5,100 1,700 850 Net Income $ 9,350