MOSS COMPANY Selected Balance Sheet Information December 31, 2018 and 2017 20182017 Current assets Cash Accounts receivable Inventory $88,650 $30,800 40,000 54,900 29,000 64,000 Current liabilities Accounts payable Income taxes payable 38,400 2,450 29,700 3,000 MOSS COMPANY Income Statement For Year Ended December 31, 2018 Sales Cost of goods sold Gross profit Operating expenses $555,000 347, 600 207,400 Depreciation expense 44, 000 Other expenses Income before taxes Income taxes expense Net income 126,000170,000 37,400 13,600 23,800