Problem 24-4 (Part Level Submission)

Presented below is the comparative balance sheet for Carla Company.

Presented below is the comparative balance sheet for Carla Company. CARLA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December 31 2018 2017 Assets Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant & equipment Accumulated depreciation $277,500 156,400 149,100 971,700 24,900 1,962,400 $181,800 219,300 267,800 1,067,900 24,900 2,571,400 (1,001,800) (746,800) $3,331,300 $2,795,200 Liabilities and Stockholders' Equit Accounts payable Accrued expenses Bonds payable Capital stock Retained earnings $74,800 198,300 190,700 1,792,000 539,400 $3,331,300 $2,795,200 $49,500 170,000 447,200 2,117,900 546,700