Bentley Company reported net income of $320,000 for the current year. Depreciation recorded on buildings and equipment amounted to $75,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $22,000 $15,000 Accounts receivable 17,000 32,000 Inventories 55,000 65,000 Prepaid expenses 7,500 5,000 Accounts payable 14,000 18,000 Income taxes payable 600 1,200