77 Use the following financial statements to answer the question below Balance Sheet Cash 1,000 Accounts Receivable 3,000 4,000 Inventory Current Assets 8.000 Fixed Assets, Net 2,000 total Assets 10,0 ccounts Payable 2,000 1,000 Accruals Current Liabilities 6,000 Long Term Debt 3,000 3,000 Total Liabilities 4,000 Equity otal Total Liabilities and 10,000 Equity Income Statement 20,000 Revenue 10.000 Cost of Sales 10,000 Gross Profit Operating Expenses 5.750 Operating Profit 4.250 interest Expense 250 Income Before Taxes 4,000 Question navigation