Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below.

Selected Balance Sheet Accounts
	Prior Year			Current Year
Accounts Receivable	$	16,400		$	11,000
Inventories		22,000			24,200
Prepaid Rent		1,200			0
Accounts Payable		12,200			15,600
Salaries and Wages Payable		2,400			3,600

Income Statement
Sales Revenue	$	330,000
Expenses:
Cost of Goods Sold		196,000
Depreciation Expense		22,000
Salaries Expense		33,000
Rent Expense		13,200
Insurance Expense		13,200
Interest Expense		12,100
Utilities Expense		11,000
Net Income	$	29,500