Required information [The following information applies to the questions displayed below.] The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data: 2015 2014 Income statement: Sales revenue $ 191,100* $168,900 Cost of goods sold 113,800 101,000 Gross profit 77,300 67,900 Operating expenses and interest 56,700 53,700 expense Pretax income Income tax 20,600 6,180 14,200 4,260 Net income Balance sheet: Cash Accounts receivable (net) Inventory Operational assets (net) $ 14,420 $ 9,940 $ 5,400 $ 6,200 14,200 41,900 17,400 32,100 46,400 36,900 $107,900 $ 92,600