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Condensed financial data of Ayayai Company for 2017 and 2016 are presented below AYAYAI COMPANY...

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Accounting

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Condensed financial data of Ayayai Company for 2017 and 2016 are presented below AYAYAI COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2016 $1,150 1,330 1,890 1,700 $1,790 1,780 1,620 1,930 (1,200) (1,180) 1,310 $7,230 1,420 $6,310 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,210 210 1,370 1,860 2,580 $7,230 $920 240 1,530 1,670 1,950 $6,310 AYAYAI COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains $6,970 4,680 2,290 940 1,350 Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business 80 1,430 540 890 260 $630

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