Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2018 $1,700,000 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense $1,010,000 520,000 46,000 36,000 Total expenses 1,612,000 Net income $ 88,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or Decrease (D) $15,000 (I) 2018 2017 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable $98,000 $83,000 4,600 (D) 46,400 51,000 71,000 53,000 2,600 4,200 41,000 35,000 18,000 (I) 1,600 (D) 6,000 (1) 3,400 (D) 4,6008, 8,000