Portions of the financial statements for Peach Computer are provided below Income Statement or the year ended December 31 Net sales Expenses $1,975,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense 1,120,000 630,000 57,000 47,000 Total expenses ,854,000 Net income $ 121,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (0) or 2018 Decrease (D) $109,000 $88,500 20,500 () 6,800 (D) 82000 58,500 23,500 () 2,700 (D) 11,500 () 7.800 (D) 2017 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 45,700 52,500 3,700 6.400 52.000 40.500 5,700 13.500 O Type here to search