Help Save & Exi hapter t7Homewrk Checl 5 Selected year end financial statements of Cabot Corporation follow (All December 31,2016, were inventory,$48.,900, total assets, $189,400, common stock, $90,000, and retained earmings, $22,748) sales were on credit, selected balance sheet amounts at Income Statement For Year Ended December 31 201 448,600 Sales Cost of goods sold297,25 Gross profit operating expenses 98, 600 Interest expense Income before taxes 48,650 Income taxes 19, 598 5 29, 052 Net income CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Rquity 10,000 Accounts payable 17,500 3,200 hoet-cem inveatents8,400 Accrued vages payable Accounts receivable, 29,200 Incone taxes payable 3,300 Notes receivable here to search