QUESTION 2 Partially correct 0.06 points out of 1.00 P Flag question Key Financial Statement Relations: Balance Sheet, Income Statement, and Statement of Cash Flow Compute the missing amounts in the following financial statements. You may assume that accounts receivable relate only to credit sales and that accounts payable relate only to credit purchases of inventory. There were no sales of property and equipment during 2015 and any purchases of property and equipment were made using cash. *Hint: 2015 PPE, net= 2014 PPE, net Depreciation expense + Purchases of PPE Statement of Cash Flow below for Purchases of PPE in 2015 Sales of PPE. Compute Depreciation expense below in the income statement. See Balance Sheet at December 31, 2014 December 31, 2015 Current assets Cash Marketable securities Accounts receivable Merchandise inventory Prepaid advertising Total current assets s 10,000 ,000 12,000 2,000 15.000 92,000 25,000 5,000 37,000 23,000 18,000 108,000 223,000 Property, plant and equipment (PPEL ner Land 15,000 7,000 Intangible assets 258,000 $342,000 Total assets Current liabilities