Thank you!!!

Exercise 23-5 Krauss Company's income statement for the year ended December 31, 2014, contained the following condensed information. $839,350 Service revenue Operating expenses (excluding depreciation) $628,900 Depreciation expense 58,430 Loss on sale of equipment 29,970 717,300 Income before income taxes 122,050 41,910 Income tax expense $80,140 Net income Krauss's balance sheet contained the following comparative data at December 31. 2014 2013 $58,500 $37,680 Accounts receivable Accounts payable 45,870 31,770 Income taxes payable 4,250 8,370 (Accounts payable pertains to operating expenses.)