Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: $715,000 248,000 467,000 216,000 251,000 20 points eBook Ask Print Gain on sale of equipment Income before taxes Income taxes Net income 5,00e 256,000 102,400 $153,680 Refer its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment s 75,5ee s 73,5e0 257,000 134,600 320,000285,0ee 11,00022 66e 663,500 514.500 638,000 502,000 166,700 131, 400 471,300370,600 Less accumulated depreciation Net property, plant, and equipment Loan to Hymans Company 47 , ??? ic Granw