Find the balance sheet and income statement information for Inc.

(a) Calculate Total Assets for both 2017 and 2018. (b) Calculate Total Liabs for both 2017 and 2018. (c) Calculate Retained Earnings on the balance sheet for 2018.

Balance Sheet 2017 2018 Income Stmt. 2018

Assets Sales $19,800

Cash $11,310 $10,590 Cost of Goods Sold $10,500

Accts. Receivable $2,900 $2,300 SG&A Expenses $1,500

Inventory $440 $1,150 Marketing Expenses $1,100

Net Fixed Assets $6,360 $7,080 Depreciation Exp. $1,500

Liabilities Operating Income $5,200

Accounts Payable $11,020 $10,550 Interest Exp. $400

Taxes Payable $900 $960 Taxable Income $4,800

Longterm Notes $1,280 $980 Tax Expense* $960

Longterm Bonds $1,850 $2,730 Net Income $3,840

Owners Equity Dividend Exp. $4,100

Common Stock $5,000 $5,200

Retained Earnings $960 _ _ _ _ * the average tax rate is 20%