The comparative financial statements prepared at December 31, 2015, for Prince Company showed the following summarized data: Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense $190,800 $167,300 100,900 112,200 78,600 56,500 66,400 53,500 22,100 6,630 12,900 3,870 Income tax 15,470 9,030 Cash Accounts recelvable (net Inventory Operational assets (net) 15,600 42,000 5.200 4,500 5,200 16,600 33,400 37,100 $107,300 $92.300 14,600 $15,600 Current liabilities (no interest) Long-term liabilities (10% interest) Common stock (par $5) 44,800 28,900 9,000 44,800 28,900 3,000 $107,300 92,300 One-third was credit sales