Statement of cash flows

4) The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided. Net sales $2,600,000 7.000 2,607,000 Gain on sale of land Total revenues Expenses Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense $1,650,000 615,000 33,000 34,000 80,000 Total expenses 2.412,000 Net income 195,000 2018 2017 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent 409,500 S 343,800 64,000 80,000 160,000 145,000 4,600 7,200 Long-term assets Investments Land Equipment Accumulated depreciation 205,000 110,000 215,000 270,000 250,000 220,000 (143,000) (110.000) $1.165100 S1.066.000 Total assets