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Problem 12-9A Condensed financial data of Lemere Inc, follow LEMERE INC. Comparative Balance Sheets December 31 2011 ssets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 2012 $ 166,448 180,868 231,750 58,504 284,280 587,100 $99,704 78,280 211,871 53,560 224,540 499,550 (107,120) (103,000) $1,405,950 $1,060,385 Liabilities and Stockholders' Equit Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $210,120 33,990 226,600 453,200 482,040 $1,405,950 $ 138,638 43,260 300,760 360,500 217,227 $1,060,385