Exercise 5-15 Presented below is a condensed version of the comparative balance sheets for Shamrock Corporation for the last two years at December 31. 2017 398,250 405,000 117,000 670,500 (238,500) (200,250) 301,500 360,000 690,750 2016 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Common stock Retained earnings $175,500 416,250 166,500 540,000 339,750 360,000 398,250 Additional information: Investments were sold at a loss of $22,500; no equipment was sold; cash dividends paid were $67,500; and net income was $360,000