Financial Statements Balance Sheet: Current Year Preceding Year Cash $ 19,000 $ 22,000 Short-term Investments 9,000 21,000 Net Accounts Receivables 58,000 90,000 Merchandise Inventory 78,000 82,000 11,000 2,000 Prepaid Expenses Total Current Assets 175,000 217,000 Total Current Liabilities 130,000 82,000 Income Statement: Net Credit Sales 476,000 Cost of Goods Sold 311,000 Print Done