*Exercise 5-15 Presented below is a condensed version of the comparative balance sheets for Ivanhoe Corporation for the last two years at December 31. 2016 $ 89,700 212,750 85,100 276,000 2017 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Common stock Retained earnings $ 203,550 207,000 59,800 342,700 (121,900) (102,350) 154,100 184,000 353,050 173,650 184,000 203,550 Additional information: Investments were sold at a loss of $11,500; no equipment was sold; cash dividends paid were $34,500; and net income was $184,000