Homework: Problem Set 1 Score: 0 of 1 pt 3 of 14 (2 complete) HW Score: P2-10 (similar to) 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? The net fixed assets for the year 2016 is $ (Round to the nearest dollar) (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,800 Fixed costs $43,200 Selling, general, and administrative expenses $27.900 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes payable Accounts receivable $28,100 Accounts payable Inventories $48, 100 Long-term debt Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation (-) $143,600 Retained earnings Intangible assets $82,200 Common stock $14,000 $18,900 $190,100 $43.900 $131,900 opy Its CU ASSETS Cash ISMO & Spreadsheet Partial Balance Sheet 12/31/2017 LIABILITIES $26,000 Notes payable $18,800 Accounts payable $52,800 Long-term debt $448,100 OWNERS' EQUITY Retained earnings $82,100 Common stock $11,900 $24.200 $161,900 Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets $58,100 $181.900