0 You skipped this question in the previous attempt. Required information Use the following information for the Problems below The following information applies to the questions displayed below) Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the sales, (2) all credits to Accounts Receivable reflect cash receipts from customers. (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company's income statement and balance sheets follow year, (1) all sales are credit ook rint December 31, 2017 and 2016 017 201 73,500 Accounts receivabl0 Inventory Prepaid expenses Total current assets 49, 800 65, 810 275, 656 1,250 392,516 50, 625 251, 800 1, 075 377,800 108,000 157, 500 (36,625) (46,000) depreciation-Equipment Accun. Total assets 5513,391 $439, 800 s 53,141 $114,675 6, 000 Accounts payable 10,000 Total current liabilities 65,0004 48, 750 Total 1iabilities Equity 6