Opevous Page 4 of 11lll Next The net income reported on the income statement for the current year was $295,000. Depreciation recorded on fixed assets and respectively. Balances of current asset and amontization of patents for the year were $40,000 and $5,000 current lability accounts at the end and at the beginning of the year are as follows Cash Accounts receivable Inventones Prepaid expenses End Beginning $50,000 $60.000 112.000 108,000 105,000 93,000 45006.500 75,000 89,000 Accounts payable (merchandse creditors) o a $302.000 b,$312.000 Oc $368,000 d $208,000 the web and