Current Attempt in Progress OrioleCompany runs a retail company and recently completed its third year of...

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Current Attempt in Progress OrioleCompany runs a retail company and recently completed its third year of o follow: Assets 2014 2013 Cash $58,300 $63,910 Accounts receivable 23,100 26.730 Inventory 33,880 32,120 Equipment 135,300 101.200 Accumulated depreciation 31,350 26,620 Total assets $219,230 $197,340 Liabilities and Equity Accounts payable $39,930 $36,300 Income taxes payable 12,100 8,800 Long-term notes payable 30,800 39.600 Common stock, $2 par 16,500 13,200 Paid-in capital in excess of par 41,800 34,100 Retained earnings 78,100 65,340 Total liabilities and equity $219.230 $197,340 Income Statement for 2014 Sales revenue $371,140 Cost of goods sold 224,400 Depreciation expense 4,730 Other expenses 95.700 Income taxes 15,950 Net income $30,360 Current Attempt in Progress OrioleCompany runs a retail company and recently completed its third year of o follow: Assets 2014 2013 Cash $58,300 $63,910 Accounts receivable 23,100 26.730 Inventory 33,880 32,120 Equipment 135,300 101.200 Accumulated depreciation 31,350 26,620 Total assets $219,230 $197,340 Liabilities and Equity Accounts payable $39,930 $36,300 Income taxes payable 12,100 8,800 Long-term notes payable 30,800 39.600 Common stock, $2 par 16,500 13,200 Paid-in capital in excess of par 41,800 34,100 Retained earnings 78,100 65,340 Total liabilities and equity $219.230 $197,340 Income Statement for 2014 Sales revenue $371,140 Cost of goods sold 224,400 Depreciation expense 4,730 Other expenses 95.700 Income taxes 15,950 Net income $30,360