Hello, I created an income and balance sheet given the information from the first table. Could you verify it is correct?

The first image is the data I was given.

Here is my balance sheet. Does this look correct? Thank you very much! UPDATE EDIT: The basis for retained earnings from 2017 is assumed to be 0. The calculations are based on that assumption.

2017 2018 Cost of goods sold $255,605 $322,742 Cash 36,884 55,725 Depreciation 72,158 81,559 Interest expense 15,687 17,980 Selling and 50,268 65,610 administrative Accounts payable 26,186 44,318 Net fixed assets 318,345 387,855 Sales 501,441 611,224 Accounts receivable 26,136 33,901 Notes payable 29,712 32,441 Long-term debt 160,689 175,340 Inventory 50,318 67,674 New equity 0 19,500 1 Balance Sheet L&OE 3 SALES INCOME STATEMENT 2017 2018 501,441.00 611,224.00 255,605.00 322,742.00 50,268.00 65,610.00 72,158.00 81,559.00 123,410.00 141,313.00 15,687.00 17,980.00 107,723.00 123,333.00 22,622.00 25,900.00 85,101.00 97,433.00 Assets Current Assets Cash Accounts Receivable Inventory Total 2017 36884 26136 50318 113338 2018 55725 33901 67674 157300 Current Liability Accounts Payable Notes Payable Total 2017 26186 29712 55898 2018 44318 32441 76759 COSTS Selling & Admin DEPRECIATION EBIT INTEREST TAXABLE INCOME TAXES NET INCOME Long-Term Debt 160689 175340 Fixed Assets Net Fixed Assets 318345 387855 Owners' Equity Common Stock Retained Earnings Total 34041 51060 85101 38974 109519 148493 38,974.00 DIVIDENDS RETAINED EARNINGS 34,041.00 51,060.00 14 109,519.00 Total 431683 545155 Total 301688 400592 129995 144563