4 Joyner Company's income statement for Year 2 follows: 55 Sales $710,000 points Cost of goods sold 182,000 Gross margin 528,000 Selling and administrative expenses 151,900 eBook Net operating income 376,100 Nonoperating items: References Gain on sale of equipment 7,000 Income before taxes 383,100 Income taxes Net income 153,240 $229,860 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Loan to Hymans Company Total assets Liabilities and Stockholders' Equity Accounts payable Anund liabilitie Year 2 Year 1 $ 211,860 252,000 $ 90,900 111,000 319,000 279,000 9,500 19,000 792,360 499,900 621,000 511,000 165,800 130,100 455,200 380,900 41,000 $1,288,560 0 $880,800 $ 317,000 $254,000 AC GOD cann Check my work