Johnson Tires Company uses the indirect method to prepare the statement of cash flows

Refer to the following comparative balance sheet for Johnson Tires Company and complete the third column to show the increases or decreases.

Johnson Tires Company
Comparative Balance Sheet
December 31, 2017 and 2016
Increase/
2016 2015 (Decrease)
Cash $39,600 $19,800
Accounts Receivable 26,400 38,500
Merchandise Inventory 204,000 126,500
Total Assets 270,000 184,800

Accounts Payable 4,800 6,600
Accrued Liabilities 2,400 1,100
Long-term Notes Payable 100,800 99,000
Total Liabilities 108,000 106,700

Common Stock 36,000 2,200
Retained Earnings 135,600 81,400
Treasury Stock (9,600 ) (5,500 )
Total Stockholders' Equity 162,000 78,100

Total Liabilities and Stockholders' Equity $270,000 $184,800

What will be an ideal response

Johnson Tires Company
Comparative Balance Sheet
December 31, 2016 and 2015
Increase/
2016 2015 (Decrease)
Cash $39,600 $19,800 $19,800
Accounts Receivable 26,400 38,500 (12,100 )
Merchandise Inventory 204,000 126,500 77,500
Total Assets 270,000 184,800 85,200

Accounts Payable 4,800 6,600 (1,800 )
Accrued Liabilities 2,400 1,100 1,300
Long-term Notes Payable 100,800 99,000 1,800
Total Liabilities 108,000 106,700 1,300

Common Stock 36,000 2,200 33,800
Retained Earnings
135,600 81,400 54,200
Treasury Stock (9,600 ) (5,500 ) (4,100 )
Total Stockholders' Equity 162,000 78,100 83,900

Total Liabilities and Stockholders' Equity $270,000 $184,800 $85,200