D. Ennis Inc. Income Statement For years ended December 31, 2017 and 2018 D. Ennis Inc. Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 Change Current assets: 2017 $478,000 $430,000 Cash $68,520 (306,000) (251,000 Accounts receivable (net) 36,000 46,000 1,000 1380 152,900 $53,700 $14,820 30,000 6,000 44,000 2,000 2,200 -1,200 2100 -720 132,000 20,900 Sales (all on credit) Cost of goods sold Gross margin 172,000 179,000 Inventory Prepaid expenses Depreciation expense Other operating expenses Total operating expenses Operating income 37,000 51,000 Other current assets 104,000 86,000 Total current assets 141,000 137,000 31,000 42,000 Long-term Investments 78,000 54,000 24,000 Other income (expenses) Interest expense Plant assets (4,800) (3,600) Less: accumulated 5,0003,500 Total plant assets (2,200 (2,600) Total assets (12,000) (2,700) 305,000 (77,800) 227,200 458100 255,000 50,000 (51,000) 26,800 204,000 23,200 390,000 68100 depreciation Gain on sale of investments Loss on sale of plant assets Total other income (expenses) Current liabilities: Income before income taxes Income taxes expense Net income $28,000 $-600 3,000 600 3,000 -2,200 34,000 -2,200 $27,400 29,000 39,300 Accounts payable (8,Z00) 1,790) Accrued liabilities $20,300 $27,510Income taxes payable 3,600 800 31,800 Total current liabilities