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Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales $1575,000

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Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales $1575,000 Expenses Cost of goods sold $960.000 Operating expenses 470,000 Depreciation expense 41,000 Income tax expense 31.000 Total expenses 1,502,000 Net Income 573 000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase 2018 2017 Decrease (D) $93.000$80.500 $12.500 Cash Accounts receivable 46.900 53,500 6.600 (D) Inventory 66,000 50.500 15.5000 Prepaid rent 2100 3.200 1100 (D) Accounts avable 36.000 32.500 3.500 m MacBook Air W S H

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