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Assume that you are the owner/operator of College Park Veterinary Clinic. At the end of the second year of operations (June 30, 2020), the following

Assume that you are the owner/operator of College Park Veterinary Clinic. At the end of the second year of operations (June 30, 2020), the following financial data for the company are available: Cash $ 6,500 Accounts Receivable 152,200 Supplies 43,000 Property and Equipment 234,700 Other Assets 15,300 Accounts Payable 33,150 Notes Payable 185,000 Other Liabilities 26,700 Sales Revenue 275,000 Operating Expenses 198,300 Selling and Administrative Expenses 46,700 Advertising and Marketing Expenses 24,400 Interest Expense 6,500

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