Portions of the financial statements for Myriad Products are provided below MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2016 ($ in millions) Sales Cost of goods sold $1,000 (350) 650 Gross margin Salaries expense Depreciation expense Patent amortization expense Interest expense Loss on sale of land $175 108 48 4 (340) 310 (155) $ 155 ncome before taxes Income tax expense Net Income MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions) Year 2016 2015 Change $153 $140 $13 Accounts receivable 271 292 (21) 470 490 20) 14 112 126 14) Cash Inventory Accounts payable Salaries payable Interest payable 228 214 72 63 60 50 12 13 Income taxes payable