The following information is available for the Argus Corporation: Argus Corporation Balance Sheets At December 31 2016 2015 Accounts receivable Short-term AFS investments Accumulated depreciation S 24,640 32,180 73,125 55,900 175,500 s 23,040 29,400 61,710 56,400 145,500 Total assets 327.795 Liabilities: Accounts payable Accrued Liabilities Income taxes payable Bonds payable 62,000 3,000 10,725 39,380 1,000 10,200 Total liahilities $124.475 $116,580 117,000 13,000 96,000 9,000 Common stock Paid-in capital in excess of par Retained eanings Total equity Total liabilities and equity $327,795 Argus Corporation Income Statement For Year Ended December 31, 2016 5240,000 $80,900 29,400 48,000 Cost of goods sold Depreciation expense Other operating expenses Interest Expense Other gains (losses): (160,300) Loss on sale of equipment Income before taxes income taxes expense Ner income 71,300 543.650