CH [The following information applies to the questions displayed below.) Lansing Company's current-year Income statement and selected balance sheet data at December 31 of the current and prior years follow. LANSING COMPANY Income Statement Por Current Year Ended December 31 Sales revenue $130,200 Expenses Cost of goods sold 53,000 Depreciation expense 17.500 Salaries expense 29,000 Rent expense 10,100 Insurance expense 4.900 Interest expense 4,700 Utilities expense 3,900 Not Income $ 7,100 LANSING COMPANY Selected Balance Sheet Account At December 31 Current Year Accounts receivable 55,700 Inventory 3.080 Accounts payable 5,500 Salarios payable 2,100 Utilities payable 440 Prepaid insurance 270 Drepaid rent 440 Prior Year $8,000 2,090 6,800 810 270 500 290