Penno Company reported ending inventories of $23,560,000 in 2017 and $25,790,000 in 2016. Cost of goods sold totaled $142,790,000 in 2017. Find the following

d . Using the financial statement effects template , show the effects of the entries in parts a and con the balance sheet and income statement Balance Sheet Income Statement Transaction Cash Asset + Noncash Assets Liabilities + Contributed Capital + Earned Capital Revenue Expenses Net Income