Computer Service and Repair was started five years ago by two college roommates. The company's comparative balance sheets and income statement are presented below, along with additional Information. Current Year Prior Year Balance Sheet at December 31 Cash Accounts receivable Prepaid expenses Equipment Accumulated depreciation Wages payable Short-term note payable $ 9,845 1,550 $ 13,095 670 950 135 690 0 (135) 0 $ 12,900 $ 13,900 $1,950 $ 520 215 4,400 7,765 0 4,400 7,550 $ 13,900 Common stock Retained earnings $ 12,900 Income Statement for Current Year Service revenue $ 51,000 Depreciation expense 135 Salaries expense Other expenses 38,500 12,150 $ 215 Net income Additional Data: a. Prepaid expenses relate to rent paid in advance. Other nu maid in each < Prev 7 of 12 Next >