Current Year Preceding Year Balance Sheet: Cash Short-term investments Net receivables Inventory Prepaid expenses Total current assets Total current liabilities Income Statement: Net credit sales Cost of goods sold $ 17,000 11,000 64,000 77,000 16,000 $185.000 $111.000 $ 22.000 26,000 73,000 71,000 8,000 $200,000 $ 91,000 $654,000 327,000 Current Year Preceding Year Balance Sheet: Cash Short-term investments Net receivables Inventory Prepaid expenses Total current assets Total current liabilities Income Statement: Net credit sales Cost of goods sold $ 17,000 11,000 64,000 77,000 16,000 $185.000 $111.000 $ 22.000 26,000 73,000 71,000 8,000 $200,000 $ 91,000 $654,000 327,000