Income Statement For years ended December 31, 2017 and 2018 Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 Sales (all on credit) Cost of goods sold Gross margin Depreciation expense Other operating expenses Total operating expenses Operating income Other income (expenses) Interest expense Gain on sale of investments Loss on sale of plant assets Total other income S725,ooo S689,ooo (375,000) (308,000) 350,000 38000 156,000 194000 156,000 (5,300) 7,100 (4,300) (16,700) 381,000 53000 129,000 182000 199,000 (3&00) 5000 (5,200) (4,100) Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Other current assets Total current assets Long-term Investments Plant assets Less: accumulated depreciation Total plant assets Total assets 2018 93,100 48,000 53,000 1,900 2,750 198750 92000 317000 (80,400) 236,600 527,350 2017 S51,500 40,000 50,000 4,300 4,200 150000 64000 265000 (53,000) 212,000 426,000 Change S41 ,600 8,000 3,000 -2,400 _1,450 48750 28000 52000 27,400 24,600 101,350