Bonds payable Accounts payable Income taxes payable Total Sales revenue Cost ofgoods sold Gross prot Operating expenses Income om operations Interest expense Income before income taxes Income tax expense Net income MEDIAN COMPANY Income Statement For the Year Ended December 31, 201? 7",000 17",000 13,000 124,000 33,000 23,000 8,000 126,000 400,000 280,000 120,000 56,000 64,000 4,000 60,000 18,000 42 000 1 1 2 3 4 Soal 3 Bobot 25% MEENAN COMPANY Comparative Statement of Financial Position December 31 2017 2016 Assets Property, plant, and equipment E 50,000 E 78,000 Accumulated depreciation (20,000) (24,000) Inventory 30,000 15,000 Accounts receivable 21,000 34,000 Cash 43,000 23,000 Total (124,000 E126,000 Equity and Liabilities + Share capital-ordinary #41,000 E 24,000 Retained earnings 46,000 38,000