Selected information from Pharoah Ltd's statement of financial position and income statement is as follows: PHAROAH LTD Statement of Financial Position (partial) December 31 2018 2017 Current assets Accounts receivable Inventory Prepaid expenses Current liabilities $7.600 $ 12,400 5,000 4,200 4,800 2,600 Accounts payable Income tax payable Accrued liabilities Bank loan payable-current portion 4,250 2,600 1.900 550 2.900 1,350 5,900 9,000