1. the 2017 entry for depreciation expense is $___________

2. the 2017 cash balance us $______

Show your work.

Use the following information for Questions 2-8 Category 2016 2017 Accounts payable 300 750 ACCOunts receivable 900 825 Accruals 450 300 Cash 1,500 22 Common Stock 1,200 1,500 COGS 1,050 1,100 Depreciation expense ?? ?? Gross fixed assets 2,250 2,700 Interest expense | 120 150 SE Inventories 750 1,125 Long-term debt | 1,500 1,650 Net fixed assets 1,875 2,250 Notes payable 825 690 Operating expenses (excl. depr.) 225 300 Retained earnings | 750 850 Sales 11,950 2,250 Taxes 90 | 120