You have completed the field work in connection with your audit
of Alexander Corporation for the year ended December 31, 2017. The
balance sheet accounts at the beginning and end of the year are
shown below.
Dec. 31,
2017
Dec. 31,
2016
Increase or
(Decrease)
Cash
$277,900
$298,000
($20,100
)
Accounts receivable
469,424
353,000
116,424
Inventory
741,700
610,000
131,700
Prepaid expenses
12,000
8,000
4,000
Investment in subsidiary
110,500
0
110,500
Cash surrender value of life insurance
2,304
1,800
504
Machinery...