Increase (Decrease) 2017 over 2016 Amount Percentage 2017 2016 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable.Net Inventory Property and Equipment, Net Total Assets $110.000 52.000 58,000 36,000 4000 18,000 5.400 $ 12,600 $.99,000 48,000 51,000 33.000 4,000 14,000 4.200 $ 9,800 $ 49.500 37.000 25.000 95.000 $ 206, 500 $ 18,000 32.000 38,000 105.000 $195.000 Accounts Payable Income Tax Payable Note Payable, Long Term Total Liabilities Contributed Capital (9,000 shares) Retained Earnings Total Liabilities and Shareholders' Equity $ 42.000 1.000 40.000 83.000 $ 35.000 500 40,000 90.000 33.500 $ 206,500 75,500 90.000 27.500 $195.000 Speakers (Realtek One half of all sales are on credit M