B The comparative financial statements prepared at December 31, 2017 for Pinnacle Plus show- 2017 2016 Income Statement Sales Revenue Cost of Goods Sold $117,000 $106,000 54,800 50,800 oped Gross Profit Operating Expenses Interest Expense 62,200 38,100 4,700 55,200 35, 100 4,700 BOOK Income before Income Tax Expense Income Tax Expense (30%) 19,400 5,820 15,400 4,620 Print $ 13,580 $ 10,780 Net Income erences Balance Sheet Cash Accounts Receivable, Net Inventory Property and equipment, Net $ 61,252 $ 15,350 44,000 35,500 28,500 45,000 109,000 119,000 $ 242,752 $214,850 Total Assets