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Do It! Review 12-2b Kingbird, Inc. reported the following information for 2017. Kingbird, Inc. Comparative...

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Accounting

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Do It! Review 12-2b Kingbird, Inc. reported the following information for 2017. Kingbird, Inc. Comparative Balance Sheets December 31 Change Increase/Decrease $23,870 Increase 39,930 Increase 44,210 Increase 2,040 Increase 16,090 Decrease 2017 2016 $35,980 22,100 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment $59,850 62,030 44,210 6,040 54,480 4,000 70,570 200,020 (14,140 ) 68,020 200,020 (21,210 ) 7,070 Increase 114,150 Increase 17,830 Increase 182,170 (27,730)(9,900) $559,860 $376,650 Totals Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings $39,900 10,020 149,930 60,400 116,400 $559,860 $376,650 $43,240 0 99,640 229,770 187,210 $3,340 Increase 10,020 Decrease 50,290 Decrease 169,370 Increase 70,810 Increase Totals

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