Sales Cost of Goods Sold Gross Profit Depreciation: Other Operating Expenses Gain on sale of assets Net Income Year Ended Year Ended 2019 2020 Change 2000 2500 500 1600 2100 500 400 400 0 20 25 25 5 60 80 175 95 10 300 210 -90 Account Receivable Account Payable Inventory 234 20 40 30 15 25 10 22 25 -5 250 Equipment less: Accumulated Depreciation 100 130 30 -50 DISNEY PURCHASE A NEW EQUIPMENT FOR $40 -70 -20