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Really thankful if someone can answer it! Selected balance sheet information and the income statement for Fountainhead Corporation for the current year are presented below

Really thankful if someone can answer it!

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Selected balance sheet information and the income statement for Fountainhead Corporation for the current year are presented below Selected Balance Sheet Accounts Prior Year Current Year 20,600 $14,000 30,800 Accounts Receivable Merchandise Inventory Prepaid Rent Accounts Payable Salaries and Wages Payable 28,000 1,800 15.800 3,600 20,400 5,400 Income Statement $420,000 Sales Revenue Expenses Cost of Goods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense 244,000 28,000 42,000 16.800 16.800 15,400 14,000 Net Income $ 43,000

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