Income statement Sales revenue cost of goods sold Gross profit Operating expenses and interest expense Pretax income Incone tax Net income Balance sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets current liabilities (no interest) Long-teem liobilities (interest rate: 9\%) Common stock (\$5 par value, 5,500 shares outstanding) Retained earnings Total liabilities and stockholders' equity CHINOOK COMPANY Income Statement Increase (Decrease) from Year 1 to Year 2 CHINOOK COMPANY Balance Sheet Increase (Decrease) from Year 1 to Year 2 \begin{tabular}{|l|l|l|l|} \hline Cash & \multicolumn{2}{|c|}{ Amount } & Percent \\ \hline Accounts receivable (net) & % \\ \hline Inventory & & & % \\ \hline Property and equipment (net) & & & % \\ \hline Total Assets & & & % \\ \hline Current liabilities (no interest) & & & % \\ \hline Long-term llablities (interest rate 9% ) & & & % \\ \hline Common stock (\$5 par value, 5,500 shares outstanding) & & % \\ \hline Retained earnings & & % \\ \hline Total liabilities and stockholders equity & & % \\ \hline \end{tabular}