Bramble Limited had the following financial statements: Bramble Limited Income Statement For the Year Ended December 31, 2023 Net sales $193,600 Cost of goods sold 114,400 Gross profit 79,200 Operating expenses 32,280 Income from operations 46,920 Interest expense 4,110 Income before income taxes 42,810 Income taxes 12,900 Net income $29,910 Bramble Limited Comparative Statement of Financial Position As at December 31 2023 2022 Cash $17,600 $11,440 Accounts receivable 13,790 10,270 Inventory 19,360 13,790 Prepaid insurance 2,940 2,350 Equipment 29,910 39,300 Accumulated depreciation-equipment (19,070) (20,830) Total assets $64,530 $56,320