Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Revenues $ 95,000 Accounts receivable decrease $ 25,000 Expenses: Purchased a machine for cash 17,000 Salaries expense 68,000 Salaries payable increase 27,000 Utilities expense 29,000 Interest payable decrease 17,000 Depreciation expense 28,600 Interest expense 7,000 Net loss $ (37,600)