Exercise 12-7 Shown below are comparative balance sheets for Shamrock Company. Shamrock Company Comparative Balance Sheets December 31 2017 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 $50,358 173,964 432,621 228,900 457,800 (73,248) $ 155,652 201,432 382,263 183,120 595,140 (151,074) $1,366,533 $1,270,395 $ 98,427 457,800 398,286 315,882 $1,366,533$1,270,395 $ 89,271 343,350 494,424 439,488