eBook Use the following excerpts from Victrolia Company's financial information. 2018 Income Statment Balance Sheets Sales $455,000 Cost of Goods Sold (221,500) Operating Expenses, other than Depreciation Expense (60,600) Depreciation Expense (20,000) Gain on Sale of Plant Assets 23,500 Net Income $176,400 Dec. 31,2018 Cash $322,450 Accounts Receivable Inventory Accounts Payable Accured Liabilities 39,750 30,000 17,550 3,500 Dec. 31, 2017 $133,500 Cash Accounts Receivable Inventory Accounts Payable Accured Liabilities Additional Information: Plant assets were sold for $40,000; book value $16,500 36,500 35,000 19,550 2,200 teach