FO P17-9B Condensed financial data of Minnie Hooper Company are shown below. 2011 MINNIE HOOPER COMPANY Comparative Balance Sheets December 31 Assets 2012 Cash $102,700 Accounts receivable 60,800 Inventory 126,900 Investments 79,500 Plant assets 315,000 Accumulated depreciation (44,500) Total S640,400 Liabilities and Stockholders' Equity Accounts payable $ 57,700 Accrued expenses payable 15,100 Bonds payable 145,000 Common stock 250,000 Retained camnings 172,600 Total S640,400 $ 33,400 37,000 102,650 107,000 205,000 (40,000) $445,050 $ 48,280 18,830 70.000 200,000 107,940 $445,050 MINNIE HOOPER COMPANY Income Statement For the Year Ended December 31, 2012 Sales revenue Gain on sale of plant assets $297,500 5.000 302,500 Less: Cost of goods sold Operating expenses, excluding depreciation expense Depreciation expense Income taxes Interest expense Net income $99.460 19,670 30,500 37,270 2,940 189,840 $112,660 Additional information Page