Mallory Michaels, senior accountant for Trendy Fashions, has gathered the following balances from the company's general ledger: Accounts Receivable Inventories Prepaid Expenses Accounts Payable Accrued Liabilities Income Taxes Payable Net Income Depreciation Expense Loss on the sale of land December 31, 2014 $51,687 140,230 5,000 40,878 15,290 1,420 680,721 81,998 15,950 December 31, 2013 $63,731 119,906 3,930 49,098 11,795 11,155