Whispering Inc. had the following condensed balance sheet at the end of operations for 2016. WHISPERING INC. BALANCE SHEET DECEMBER 31, 2016 Cash $8,400 Current liabilities $14,900 Current assets other than cash 29,700 Long-term notes payable 25,000 Equity investments 19,900 Bonds payable 25,100 Plant assets (net) 65,500 Common stock 74,600 Land Retained earnings 40,500 $164,000 24,400 $164,000 During 2017, the following occurred. (a) Whispering Inc. sold part of its investment portfolio for $12,600. This transaction resulted in a gain of $5,000 for the company. No unrealized gains or losses were recorded on these investments in 2017. (b) Dividends totaling $9,500 were paid to stockholders. (c) Atract of land was purchased for $11,800. (d) Net income was $35,700 after allowing depreciation of $13,400. (e) Bonds payable in the amount of $10,800 wereredeemed at par. (f) Land was purchased through the issuance of $22,800 in bonds. (g) An additional $9,700 in common stock was issued at par. (h) Both current assets (other than cash) and current liabilities remained at the same amount. tament of cash for 2017 using the Indirect method. Show amount Ado conceito Part 2 Prepare the condensed balance sheet for Whispering Inc. as it would appear at December 31, 2017 WHISPERING INC BALANCE SHEET Equities Whispering Inc. had the following condensed balance sheet at the end of operations for 2016. WHISPERING INC. BALANCE SHEET DECEMBER 31, 2016 Cash $8,400 Current liabilities $14,900 Current assets other than cash 29,700 Long-term notes payable 25,000 Equity investments 19,900 Bonds payable 25,100 Plant assets (net) 65,500 Common stock 74,600 Land Retained earnings 40,500 $164,000 24,400 $164,000 During 2017, the following occurred. (a) Whispering Inc. sold part of its investment portfolio for $12,600. This transaction resulted in a gain of $5,000 for the company. No unrealized gains or losses were recorded on these investments in 2017. (b) Dividends totaling $9,500 were paid to stockholders. (c) Atract of land was purchased for $11,800. (d) Net income was $35,700 after allowing depreciation of $13,400. (e) Bonds payable in the amount of $10,800 wereredeemed at par. (f) Land was purchased through the issuance of $22,800 in bonds. (g) An additional $9,700 in common stock was issued at par. (h) Both current assets (other than cash) and current liabilities remained at the same amount. tament of cash for 2017 using the Indirect method. Show amount Ado conceito Part 2 Prepare the condensed balance sheet for Whispering Inc. as it would appear at December 31, 2017 WHISPERING INC BALANCE SHEET Equities