The comparative balance sheet of Whitman Co. at December 31, 2016 and 2015, is as follows:

The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 2016 are as follows:

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Dec. 31, 2016 Dec. 31, 2015 Assets Cash Accounts receivable (net). Inventories S 918,000 964,800 761,940 1,268,460 ,162,980 35,100 479,700 900,900 (408,600) (382,320) 454,680 (158,760) $4,785,480 4,219,020 828,900 29,340 315,900 1462,500 Accumulated depreciation-buildings._ . Equipment. Accumulated depreciation-equipment . . 512,280 (141,300) Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) .. 922,500 958,320 117,000 558,000 2,585,700 Total liabilities and stockholders equity...$4785,480 $4,219,020 270,000 317,000 758,000 2,517,980 Paid-in capital: Excess of issue price over par-common stock..... ACCOUNT Land ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2016 Jan. 1Balance 479,700 Apr 20 Realized $151,200 cash from sale 163,800315,900 ACCOUNT Buildings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2016 Jan. Apr 20 Acquired for cash 1Balance 900,900 1,462,500 561,600 ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2016 Jan 1Balance 382,320 408,600 Dec. 31 Depreciation for year 26,280 ACCOUNT Equipment ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2016 Jan. 1Balance 26 Discarded, no salvage Purchased for cash 454,680 46,800407,880 512,280 Aug. 104,400 ACCOUNT Accumulated Depreciation-Equipment ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2016 Jan. 1Balance 158,760 111,960 141,300 46,800 26 Equipment discarded Dec. 3 Depreciation for year 29,340 ACCOUNT Bonds Payable ACCOUNT NO Balance Date tem Debit Credit Debit Credit 2016 May 1Issued 20-year bonds 270,000 270,000 ACCOUNT Common Stock, $25 par ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2016 Jan. Dec. 1Balance 7 sued 8,000 shares of common 117,000 stock for $50 per share 200,000 317,000 ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2016 Jan. Dec. 1 Balance 7 ssued 8,000 shares of common 558,000 stock for $50 per share 200,000 758,000 ACCOUNT Retained Earnings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2016 Jan 1 Balance 2,585,700 2,550,380 2,517,980 Dec. 31 Net loss 35,320 32,400 31 Cash dividends