Data Table 2018 2017 Current Assets: Cash Accounts Receivable Merchandise Inventory $ 102,800 $ 23,000 63,800 69,600 87,000 84,000 Current Liabilities: Accounts Payable Income Tax Payable 57,500 55,900 14,500 16,500 Print Done Data Table Transaction Data for 2018: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold 35,000 Payment of notes payable 26,000 Payment of cash dividends 79,000 118,000 57,000 Net income 48,100 51,000 67,000 4,000 70,500 Issuance of notes payable to borrow cash Gain on sale of building PrintDone