eBook Use the following excerpts from Victrolia Company's financial information. Sales 2018 Income Statment Balance Sheets $475,000 (221,500) Cost of Goods Sold Operating Expenses, other than Depreciation Expense (58,600) Depreciation Expense (20,000) Gain on Sale of Plant Assets 23,500 Net Income $198,400 Dec. 31,2018 Cash Accounts Receivable $345,450 39,750 Inventory Accounts Payable Accured Liabilities 30,000 17,550 3,500 Dec. 31, 2017 Cash Accounts Receivable Inventory Accounts Payable Accured Liabilities Additional Information: Plant assets were sold for $40,000; book value $16,500 Dividends of $24,000 were declared and paid Check My Work $133,500 36,500 35,000 19,550 2,200