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Fixed assets. Use the data from the following financial statements in the popup window, What are the net fixed assets for the years 2016 and

Fixed assets. Use the data from the following financial statements in the popup window, What are the net fixed assets for the years 2016 and 2017?

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A) The net fixed assets for the year 2016 is $_____. (Round to the nearest dollar.)

B) The net fixed assets for the year 2016 is $_____. (Round to the nearest dollar.)

Partial Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation $349,800 $141,900 $43,100 $28,100 $46,200 Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $15,900 Notes payable $14,200 $19,000 $189,900 Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets $27,900 Accounts payable $47,900 Long-term debt $368,100 OWNERS' EQUITY $142,300 Retained earnings $82,000 Common stock $44,600 $131,800 Partial Balance Sheet 12/31/2017 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets LIABILITIES $26,200 Notes payable $19,100 Accounts payable $52,800 Long-term debt $12,000 $24,200 $162,200 $447,800 OWNERS' EQUITY Retained earnings $59,100 $181,900

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