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 $49,887 142,830 4,500 39,778 15,290 1,490 654,721 82,598 15,600 December 31, 2013 $63,831 115,606 3,830 49,298 12,755 11,295