eBook Financial Statements A list of accounts for Maple Inc. at December 31, 2017, follows: Accounts Receivable $2,263 Land $20,080 Advertising Expense 4,500 Net purchases 39,320 Buildings and Equipment, Net 55,480 Retained Earnings, January 1, 2017 33,452 Capital Stock 49,100 Salaries Expense 25,610 Cash 670 Salaries Payable 550 Depreciation Expense 2,320 Net sales 83,513 Dividends 6,030 Transportation-In Income Tax Expense 3,270 Utilities Expense 292 3,580 Income Tax Payable 3,220 Interest Receivable 110 Inventory: January 1, 2017 6,310 December 31, 2017 7,590 Required: 1. Determine cost of goods sold for 2017. $ 2. Determine net income for 2017. $