Kimmel, Accounting, 6e The comparative statements of Sheridan Company are presented here. SHERIDAN COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses509,100488,100 Income from operations Other expenses and losses $1,899,640 1,759,600 1,067,640 1,015,100 832,000744,500 322,900 256,400 Interest expense Income before income taxes Income tax expense Net income 24.10022,100 234,300 75,100 298,800 94,100 $ 204,700 159,200 SHERIDAN COMPANY Balance Sheets December 31 2017 2016 Assets Current assets Cash Debt investments (short-term) Accounts receivable Inventory $ 60,100 $ 64,200 74,00050,000 126,900111,900 128,100117,600o 389,100343,700 660,000531,300 $1,049,100 $875,000 Total current assets Plant assets (net) Total assets MacBook Pro