Sales MOSS COMPANY Income Statement For Year Ended December 31, 2023 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net incone $ 539,000 353,600 185,400 127,500 47,000 10,900. 6,600 $ 4,300 MOSS COMPANY Selected Balance Sheet Information At December 31 2021 2020 Current assets Cash $ 90,150 $ 32,300 Accounts receivable 30,500 43,000 Inventory 65,500 55.200 Current liabilities Accounts payable 41,400 31,200 Income taxes payable 2,600 3,300