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tattle 10.00 palms The comparative nancial statements prepared al Decenttier 31' 2017' tor Goionsh Company showed the tollowtng summarized data 21117 21115 Statement of Eamiugs Sales revenue 3 206.821? 3 175mm Cost orsalee 143.350 120.000 Gross margin 63.460 55.000 Operating expenses and interest expense as 710 44 0110 Earnings before income taxes 13.750 11.000 income lax expense 3.360 2500 Net earnings 3 111 350 a a 5011 Statement of Financial Pnsilioll Cacti 5 3.5110 5 7.000 Accounts receivable (net) 16.250 13.500 inventory 41.140 36.000 Pmperly. plant and equipmenl (net) 47360 411mm $108250 $192500 Cullenl lizhllllles (no lllIelE51) 5 15260 5 13000 Name uirenl liatailitia (\"3% interest) 511110 45pm) Common snares (6.000 shares) 24mm 24mm Retained earnings' 17.850 15500 $108250 $192500 'OnIthld was cred tt sales TDIA ling 20\