transcript Balance sheet. Reach Manufacturing has lost its computer systems and must reconstruct the last two years of its balance sheet. The company has been able to get the following information in the popup window,, out of its crashed computer: a. Reconstruct the balance sheet for 2016 and 2017 using a spreadsheet, and find the change in each account and each category balance (current assets, long-term assets, total assets, current liabilities, total liabilities, total owner's equity, and total liabilities and owner's equity) from 2016 to 2017. The balance sheet has the same accounts in both years. Verify that the changes in the total assets equal the changes in the total liabilities and owner's equity. b. Find the cash from assets for 2016 if the OCF for that year is $391,000. Note: Treat intangible assets as a capital spending item. a. Reconstruct the balance sheet for 2016 and 2017 using a spreadsheet, and find the change in each account and each category balance (current assets, long-term assets, total assets, current liabilities, total liabilities, total owner's equity, and total liabilities and owner's equity) from 2016 to 2017. The balance sheet has the same accounts in both years. Complete the assets portion of the balance sheet for 2016 below: (Round to the nearest dollar.) Reach Manufacturing Balance Sheet Assets Current Assets Cash $ Marketable Securities $ Accounts Receivable $ Inventory $ Total Current Assets $ Long-term Assets Fixed Assets $ Accumulated Depreciation $ Intangible Assets $ Total Long-Term Assets $ TOTAL ASSETS $ 2016 (Click on the following icon in order to copy its contents into a spreadsheet.) 2016 Information Cash $24,000 Accounts payable $422,000 Accounts receivable $520,000 Notes payable $391,000 Inventory $637,000 Long-term debt $3,536,000 Total current assets $1,243,000 Common stock $328,000 Fixed assets $4,389,000 Intangible assets $462,000 Total assets $5,088,000 (Click on the following icon in order to copy its contents into a spreadsheet.) 2017 Information Cash $25,000 Notes payable $212,000 Marketable Total current $59,000 $886,000 securities liabilities Inventory $907,000 Common stock $328,000 Fixed assets $4,979,000 Retained earnings $703,000 Accumulated Total liabilities $1,362,000 $5,829,000 depreciation and owners' equity Intangible assets $434,000