Problem 125 Selected financial statement information and additional data for Johnston Enterprises is presented belo Johnston Enterprises Balance Sheet and Income Statement Data December 31, 2017 December 31, 2016 Current Assets: Cash Accounts Receivable Inventory $168,140 224,300 396,800 789,240 $117,600 309,300 341,100 768,000 Total Current Assets Property, Plant, and Equipment Less: Accumulated Depreciation Total Assets 1,263,100 (471,100) 1,581,240 1,130,000 (442,600) 1,455,400 Current Liabilities: Accounts Payable Notes Payable Income Taxes Pavable $188,000 48,800 84,900 321,700 $100,600 66,400 75,900 242,900 Total Current Liabilities 350,000 671,700 386,000 628,900 Bonds Payable Total Liabilities Stockholders' Equity: Common Stock 510,000 399,540 909,540 1,581,240 467,500 359,000 826,500 1,455,400 Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity