Layla Brock University Shopping Impc Saved Help Save & Exit Submit You received partial credit in the previous attempt. Check my work View previous attempt Heads Up Company was started several years ago by two hockey instructors. The company's comparative balance sheets and income statement are provided below, along with additional information. 2017 2016 $ Balance Sheet at December 31 Cash Accounts Receivable Equipment Less: Accumulated Depreciation 55 6.000 1,000 5,500 (1,500 $ 4.000 1.750 5.000 (1.250) $ 11,000 $ 9.500 $ S Accounts Payable Wages Payable Long-Term Bank Loan Payable Contributed Capital Retained Earnings 500 500 1,500 ces 1,000 750 500 5,000 2,250 5,000 3. 500 $ 11,000 S 9,500 Income Statement for 2017 Lessons Revenue Wages Expense Depreciation Expense Income Tax Expense $ 37,500 35,000 250 1.000