Question: Exercise 13- Cullumber Company has these comparative balance sheet data CULLUMBER COMPANY Balance Sheets 2017 2016 Cash Accounts receivable (net) Inventony Plant assets (net) 36,540

Exercise 13- Cullumber Company has these comparative balance sheet data CULLUMBER

COMPANY Balance Sheets 2017 2016 Cash Accounts receivable (net) Inventony Plant assets

(net) 36,540 170,520 146,160 487,200 $840,420 S 121,800 243,600 341,040 133,980 $840,420

73,080 146,160 121,800 438,480 $779,520 146,160 243,600 292,320 97,440 $779,520 Accounts payable

Exercise 13- Cullumber Company has these comparative balance sheet data CULLUMBER COMPANY Balance Sheets 2017 2016 Cash Accounts receivable (net) Inventony Plant assets (net) 36,540 170,520 146,160 487,200 $840,420 S 121,800 243,600 341,040 133,980 $840,420 73,080 146,160 121,800 438,480 $779,520 146,160 243,600 292,320 97,440 $779,520 Accounts payable Mortgage payable (15%) Common stock, $10 par Retained earnings

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