Exercise 12-7 Shown below are comparative balance sheets for Carla Vista Company Carla Vista Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2016 $ 53,438 184,604 459,081 242,900 485,800 (77,728) 2017 $165,172 213,752 405,643 194,320 631,540 (160,314) $1,450,113 $1,348,095 $ 104,447 485,800 422,646 335,202 $1,450,113 $1,348,095 $94,731 364,350 524,664 466,368