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

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Question 7 (2.5 points) 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. em counts payable ounts receivable uals al surplus Year 1 550 510 1000 300 300 Year 2 230 ? 1100 320 550 on stock 2000 2250 on the company's income statement for each year. Item Year 1 Year 2 Accounts payable 550 230 Accounts receivable 510 2 Accruals 1000 1100 Capital surplus 300 320 Cash 300 550 Common stock 2000 2250 Cost of goods sold 4,100 4600 Depreciation expense 180 350 Interest expense 180 190 Inventory 3000 3250 Long-term debt 1500 1650 Net fixed assets 2700 2500 Notes payable 750 580 Operating expense 320 430 Retained earnings ? 840 Sales 5,260 6000 Taxes 120 140 Long-term debt Net fixed assets Notes payable Operating expense Retained earnings Sales Taxes In Year 1, net income was 1500 2700 750 320 ? 5,260 120 1650 2500 580 430 840 6000 140 Compute your answer as a whole number rounded (if necessary) to zero decimal places. Enter your answer without a dollar sign and without any commas. Your

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