NFAend - NFAbeg + D (where D is the depreciation expense during the year), is equivalent to FAend - FAbeg- Page 66 Use the following information for Clarington Inc. for Problems 24 and 25 (assume the tax rate is 34 percent): 2014 2015 Sales $11,573 $12,936 Depreciation 1,661 1,736 Cost of goods sold 3,979 4,707 Other expenses 946 824 Interest 776 126 Cash 6,067 6,466 Accounts receivable 8,034 9,427 Short-term notes payable 1,171 1,147 Long-term debt 20,320 24,696 Net fixed assets 50,888 54,273 Accounts payable 4.384 4,644 Inventory 14,283 15,288 Dividends 1,411 1,618 Click here for a description of Table: Questions and Problems Challenge 23. 24. Financial Statements (LO1) Draw up an statement of comprehensive income and statement of financial position for this company for 2014 and 2015