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The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as follows: Dec. 31, 2016 Dec. 31, 2015 Assets 585,760.00 208,39000 616,130.00 239,30000 0.00 553,530.00 166,970.00) 148,00000) 362590.00 $2055,110.00 3 Cash Accounts receivable (net) 5 Inventories 6 Investments 226,90000 641,350.00 0.00 328,73000 705,940.00 Land 8 Equipment Total assets Liabilitles and Stockholders Equity 514000$404,540.00 52,750.00 19,500.00 100,000.00 279,400.00 1,198,92000 2,362,590.00 $2055,110.00 Accounts payable (merchandise creditors Accrued expenses payable (operating expenses) 42,020.00 23,580.00 154,000.00 416,800.00 4 Dividends payable Common stock, $4 par Paid-in capital:Excess of issue price over par-common stock Retained earnings 301,250.0011 Total liabilitles and stodkholders equity
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