Comparative Balance Sheet December 31, 2018 and 2017 Increase 2018 2017 (Decrease) Cash Accounts Receivable Merchandise Inventory PP&E, net Total Assets (7,000) 27,000 34,000 $244,000 $170,000 $74,000 $33,000 $13,000 $20,000 34,800 30,200 92,000 27,800 57,200 126,000 Accounts Payable Accrued Liabilities Long - term Notes Payable 5,700 71,100 9,20013,200 $(4,000) 1,700 80,100 4,000 (9,000) Total Liabilities 86,000 $95,000 $(9,000) Common Stock Retained Earnings Treasury Stock Total Stockholders' Equity $55,000 $3,000 $52,000 115,000 78,000 37,000 (12,000)(6,000) (6,000) $158,000$75,000 $83,000 Total Liabilities and Stockholders' Equity $244,000 $170,000$74,000 Tanglewood, Inc. Income Statement December 31, 2018 December 31, 2018 $290,700 1,600 6,000 Sales Revenue Interest Revenue Gain on Sale of Plant Assets Total Revenues and Gains Cost of Goods Sold Salaries and Wages Expense Depreciation Expense-Plant Assets Other Operating Expense Interest Expense Income Tax Expense Total Expenses $298,300 148,100 47,100 16,000 23,800 3,500 7,800 246,300 $52 000 Use the direct method to compute the payments to suppliers for Merchandise Inventory and other operating expenses. (Accrued Liabilities relate to other operating expense.) O A. $202,900 B. $198,900 OC. $179,100 O D. $19,800