Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2018 Net sales Expenses $ 297,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense $177,000 52,000 15,200 18,000 Total expenses 262,200 Net income $ 34,800 ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2018, compared to December 31, 2017 Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase in salaries payable Decrease in accounts payable Increase in income tax payable S 5,200 12,200 8,200 4,200 7,200 16,800