Exercise 12-7 Your answer is partially correct. Try again Shown below are comparative balance sheets for Kingbird Company Kingbird Company Comparative Balance Sheets December 31 2016 $30,162 104,196 259,119 137,100 274,200 (43,872) 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 2017 $93,228 120,648 228,957 109,680 356,460 (90,486) $818,487 $760,905 58,953 274,200 238,554 189,198 $818,487 7,905 53,469 205,650 296,136 263,232