income statement Accounts 2017 2018 Accounts payable $60,480 Revenue: Accounts receivable $100,800 2017 2018 $77,760 $129,600 sales $ cogs GP $ SSS 420,000.00 $ 540,000.00 Accruals $40,320 $51,840 $ 231,000.00 $ 297,000.00 Additional paid in capital $362,880 $466,560 189,000.00 $ 243,000.00 Cash $50,400 $64,800 Common Stock @ par value $20,160 $25,920 Expenses: Operating expense: $42,000 $54,000 COGS $231,000 $297,000 Depreciation expense $21,000 $27,000 Depreciation expense $21,000 Interest Expense $16,800 $27,000 $21,600 Interest expense $16,800 $21,600 Inventories $50,400 $64,800 Total oprating income before tax $79,800 $102,600 Long-term debt $221,760 $285,120 Tax $63,000 $81,000 Net fixed assets $806,400 ? Total operating income $142,800 $183,600 Notes payable $100,800 $129,600 Operating exp (excluding $42,000 $54,000 Net Income Balance Sheet Accounts $ 46,200.00 $ 59,400.00 depr.) Retained earnings $201,600 $259,200 Sales $420,000 $540,000 Taxes $63,000 $81,000