vet ered ked out of 0 ag question A comparative balance sheet for Rocker Company appears below: Cash Accounts receivable Inventory Prepaid expenses Long-term investments Equipment Accumulated depreciation equipment Total assets Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Dec. 31, 2017 Instructions $ 34,000 18,000 25,000 6,000 -0- 60,000 (20,000) $123,000 $ 17,000 36,000 40,000 30,000 $123,000 Additional information: 1. Net income for the year ending December 31, 2017 was $35,000. 2. Cash dividends of $15,000 were declared and paid during the year. 3. Long-term investments that had a cost of $17,000 were sold for $14,000. 4. Sales for 2017 were $120,000. ROCKER COMPANY Comparative Balance Sheet Dec. 31, 2016 Assets $11,000 13,000 17,000 9,000 17,000 33,000 (15,000) $85,000 Liabilities and Stockholders' Equity $ 7,000 45,000 23,000 10,000 $85,000

A compuratwe balance shect for Rocies Compary appears below ROCKER COMPANN Comparative Bance sheet Derdil2012 Dec 21.2016 Cash Accounts receivable inventory. Prepaid experses Long-term investments Equipment Accumulated deprecation-equipment fotal assets 5. 34,000 18000 25.000 6000 0. 60.000 reopos 5123000 Assets 511.000 13,000 17000 2000 17,000 33.000 45000 sis00 Accounts pryable Ponds parable Commonstod Retained earnings totel labilies and stodholders' equity. \& 17,000 36000 40,000 32009 512000 5.7,000 45000 23,000 10000 585000 Adocicominformices: Net income for the vear ending December 31, 2017 was $35.000 3. Lang-term iniestments that had a cost of 517,600 were sola for $14000 4. Sales forzont weie 5170,000 Instructions