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Question 7 (2.5 points) 4) Listen Use the following data for the DQR Company to answer the question below. Note that the balance sheet accounts

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Question 7 (2.5 points) 4) Listen Use the following data for the DQR Company to answer the question below. Note that the balance sheet accounts listed below are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year. Item Accounts payable Accounts receivable Accruals Capital surplus Cash Common stock Cost of goods sold Depreciation expense Interest expense Inventory Long-term debt Net fixed assets Notes payable Operating expense Retained earnings Sales Taxes Year 1 550 510 1000 300 300 2000 4000 200 170 3000 1500 2700 750 300 ? 5000 120 In Year 2, accounts receivable was Year 2 210 ? 1,170 160 540 2,240 4600 350 190 3,240 1,650 2,560 590 430 890 6000 140

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