The current sections of Ivanhoe Company's balance sheets at December 31,2016 and 2017, are presented here. Ivanhoe Company's net income for 2017 was $ 153,918. Depreciation expense was $ 27,162. 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses $105,630 80,480 169,008 27,162 382,280 99,594 89,534 173,032 22,132 $384,292 Total current assets Current liabilities $15,090 85,510 $100,600 $5,030 92,552 97,582 Accrued expenses payable Accounts payable Total current liabilities