the comparative financial statements prepared at December 31,2017,for pinnacle Plus showed the following summarized data

omparative financial statements prepared at December 31, 2017, for Pinnacle 2017 2016 me Statement es Revenue = of Goods Sold $117,000 $106,000 54,800 50,800 55 Profit rating Expenses erest Expense Come before Income Tax Expense come Tax Expense (30%) 62,200 38,100 4,700 55,200 35,100 4,700 19,400 5,820 15,400 4,620 t Income $ 13,580 $ 10,780 lance Sheet sh Ecounts Receivable, Net ventory roperty and equipment, Net $ 61,252 $ 15,350 44,000 35,500 28,500 45,000 109,000 119,000 otal Assets $ 242,752 $ 214,850 Accounts Payable Income Tax Payable Note Payable, Long-Term $ 66,702 1,070 47,000 45,580 570 47,000