Income Statement year ending $2016$

Sales Revenues $$100,000$

Cost of goods sold $50,000$

Fixed costs $21,000$

Selling, general, and administrative expenses $19,667$

Depreciation $1,000$

EBIT $8,333$

Interest expense $5,000$

Taxable Income $3,333$

Taxes $1,333$

Net Income $2,000$

$***$ Tax rate $40\%$

Dividens paid $500$

Partial Balance Sheet $12/31/2015$

ASSETS LIABILITIES

Current Assets Current Liabilities

Cash $5,000$ Notes payable $1,000$

Accounts receivable $9,000$ Accounts payable $7,000$

Inventories $15,000$ Total current liabilities $8,000$

Total current assets $29,000$ Long$-$term debt $10,500$

Total Liabilities $18,500$

Gross Fixed assets $14,000$ OWNERS' EQUITY

Accumulated depreciation $2,000$ Retained earnings $(1)12,500$

Net Fixed assets $12,000$ Common stock $10,000$

Intangible assets $0$ Total owner's equity $22,500$

TOTAL ASSETS $$41,000$ TOTAL LIABILITIES & OWNER'S EQUITY $$41,000$

Partial Balance Sheet $12/31/2016$

ASSETS LIABILITIES

Current Assets Current Liabilities

Cash $3,000$ Notes payable $2,000$

Accounts receivable $17,000$ Accounts payable $3,000$

Inventories $10,000$ Total current liabilities $5,000$

Total current assets $30,000$ Long$-$term debt $11,000$

Gross Fixed assets $13,000$ Total liabilities $16,000$

Accumulated depreciation $3,000$ OWNERS' EQUITY

Net Fixed Assets $10,000$ Retained earnings $14,000$

Intangible assets $0$ Common stock $10,000$

Total long$-$term assets $10,000$ Total owner's equity $24,000$

TOTAL ASSETS $$40,000$ TOTAL LIABILITIES & OWNER'S EQUITY $$40,000$

There is no other items in the stock owners section in the balance sheets of $2015$ and $2016.$ There is no issuance of equity in $2016$

$1.$ What is the amount for Current Liabilities in $2015?$

$2.$ What is amount of Accounts Receivable in $2016?$

$3.$ What is the amount of accumulated depreciation in $2016?$

$4.$ What is the amount of Gross Fixed Assets in $2016?$

$5.$ What is the amount for Common Stock in the Balance Sheet in $2016?$

$6.$ What is the amount for Interest Expense for $2016?$

$7.$ What is the amount for Long$-$Term Debt in the Balance Sheet in $2015?$