Portions of the financial statements for Clear Transmissions Company are provided below.

CLEAR TRANSMISSIONS COMPANY Income Statement Sales Cost of goods sold For the Year Ended December 31, 2016 ($ in 000s) $1,320 500 820 Gross margin Salaries expense Depreciation expense Patent amortization expense Interest expense Loss on sale of cash equivalents $220 180 10 40 456 Income before taxes Income tax expense 364 182 Net Income 182 CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s) Year 2016 2015 Change $102 $100 $ 2 Cash Accounts receivable 220 232 (12) Inventory Accounts payable 140 134 Salaries payable 808(6) Interest payable Income taxes 40 450 (10) 25 20 5 10 payable