Ch.12 blems The following income statement along with additional year-end information about changes in noncash current assets and curent liabilities are reported. SONAD COMPANY Income Statement Ended December 31 Cost of goods sold Gross profit $1,759,880 861,91e 897,e90 $240,983 42,216 ciation expe 5,277 19,349 355,318 7,836 548,888 Utilities expense Gain on sale of equipnent Net income Additional Year-End Balance Sheet Data Accounts receivable Inventory Accounts payable Salaries payable $32,150 increase 37,988 increase 13,125 decrease 3,580 decrease Next>