LAG Network Inc.$\text{'}$s balance sheet and income statement are as follows:

LAG Network Inc.'s balance sheet and income statement are as follows: 231, 285,71 247 , 154,400 138,408 491, 431, 363 , 337, soo 491, 900 431, LAG Network Inc. Income Statement For Year Ended December 31, Sales Cost of goods sold Gross profit Operating expenses : Depreciation expense Other expenses Total operating expenses Profit from operations Income taxes Profit LAG Network Inc. 223 25, Comparative Balance Sheet Information December 2e23 Assets Cash Accounts receivable Merchandise inventory Equipment Accumulated depreciation Total assets Liabilities and Equity Accounts payable Income taxes payable Common shares Retained earnings Total liabilities and 81, 42,400 (71,800) 31,200 11, 86, loe 928, see 556,2ee 372,4ee 257, eee 115 , aee 18, see 96, 8ee 31 222 37,608 43,800 10,200 48,108 equity