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Accounts Receivable	34,000
Cash	25,000
Depreciation expense	18,000
Allowance for doubtful accounts	13,000
Selling and admin expenses	41,000
Interest expense	9,000
Prepaid insurance	7,000
Cost of Goods Sold	28,000
Ships	2,70,000
Service revenue	2,80,000
Inventory	12,000
Accumulated Depreciation ships	45,000
Accounts Payable	5,000
Sales revenue	44,000
Goodwill	50,000
Sales returns and allowances	5,000
Notes Payable (47,000 due this year)	76,000
Common Shares	50,000
Salaries expense	75,000
Retained Earnings (January 1, 2020)	18,000
Unearned Revenue	43,000

Balance sheet effect and income statement effect