Planet Aecessories Company reported the following statement of financial posi income statement at year-end 2017. In addition, dividends totalling Kshs.1.0 millionvw 2016 Kshs. 000 Kshs.'000 553 8,000 10,100 300 3,735 (1,900) 826 8,950 11,600 400 8,750 (2,900) Accounts receivable Prepaid insurance Property, plant & equipment Less: Accumulated depreciation Total Assets 33.476 LIABILITIES AND EQUITY Rent payable Wages payable Loan payable, long-term Share capital,Ksh.10 per value Retained carnings 3,750 1,750 9,200 5,400 13,376 4,000 1,400 5,200 4,400 10,638 Total liabilities& shareholders equity 33.476 INCONT STATENOH YEAR Kshs.'000 135,800 Sales Revenue Cost of goods sold Gross profit 81,500 Operating Expenses Advertising Depreciation Insurance Rent Wages Operating income Interest Expense (17,029) (1,000) (4,800) (14,255) (33,400) 11,016 Income before taxes Taxes Net income 10,366 (3.628) 6.738