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Exercise 12-7 Your answer is partially correct. Try again Shown below are comparative balance sheets for Ivanhoe Company. Ivanhoe Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equit Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2017 2016 $50,644 174,952 435,078 230,200 460,400 (73,664 ) $156,536 202,576 384,434 184,160 598,520 (151,932 ) $1,374,294 $1,277,610 $ 98,986 460,400 400,548 317,676 $1,374,294$1,277,610 $ 89,778 345,300 497,232 441,984 Additional information