Accounts receivable (net) Inventories Investments Equipment Accumulated depreciation-equipment Accounts payable Bonds payable, due 2010 Common stock: SIO par Paid-in capital in excess ot par common stock Retained earnings The income statement tor the current year is as follows: Sales Cost ot merchandise sold Gross profit Operating expenses: Depreciation expense Other operating expenses Income trom operations Other income (expense), net: Gain on sale ot investment Interest expense Income before income tax Income tax expense 53,000 37,000 108,500 573,200 (142,000) sue 700 62,500 335,000 70,000 162,200 sue 700 26,000 68,000 4,000 (6,000) 48,000 100,000 70,000 450,000 (176,000) S542 ooo 43,800 100,000 285,000 58,200 S542 ooo 340,000 285, 700 g4,OOO 191,700 (2,000) 189,700 60,700