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1 BLOSSOM COMPANY Balance Sheets December 31 Assets \begin{tabular}{l} 2017 \\ \hline \end{tabular} Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $169,100$154,500 Income taxes payable Total current liabilities Bonds payable Total liabilities 444,100408,000 Stockholders' equity Common stock (\$5 par) 290,000300,000 Retained earnings Total stockholders' equity 313,400165,400 Total liabilities and stockholders' equity $1,047,500 $873,400 All sales were on account. Net cash provided by operating activities for 2017 was $234,000. Capital expenditures were $137,000, and cash dividends were $57,900