Heads Up Company was started several years ago by two hockey instructors. The company's comparative balance sheets and income statement follow, along with additional information.

Balance Sheet at December $31$

Cash

Accounts Receivable

Equipment

Accumulated Depreciation$-$Equipment

Total Assets

Accounts Payable

Salaries and Wages Payable

Notes Payable $($long$-$term$)$

Common stock

Retained Earnings

Total Liabilities and Stockholders' Equity

Income statement

Service Revenue

Salaries and Wages Expense

Depreciation Expense

Income Tax Expense

Net Incone

$\backslash$table$[[$Current Year,Previous Year$],[$$$6,240,$$$4,280$