Exercise 23-21 Your answer is partially correct. Try again Below is the comparative balance sheet for Concord Corporation Dec. 31, 2017 Dec. 31, 2016 Cash Short-term investments Accounts receivable Allowance for doubtful accounts Prepaid expenses Inventory Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Delivery equipment Accumulated depreciation-delivery equipment Patents $16,500 24,900 42,800 (1,800) 4,300 81,000 50,000 124,700 (30,000) 52,800 (19,100) 38,700 (22,100) 15,200 $20,800 19,000 44,800 (2,000 ) 2,500 64,500 50,000 73,900 (22,800) 46,100 (15,400) 38,700 (20,700) $377,900 $299,400 Accounts payable Short-term notes payable (trade) Accrued payables Mortgage payable Bonds payable Common stock Paid-in capital in excess of par Retained earnings $26,100 4,000 3,000 73,600 50,200 141,300 9,900 69,800 $16,200 6,000 4,500 53,300 62,500 102,900 4,000 50,000