The current sections of Ivanhoe Companys balance sheets at December 31, 2016 and 2017, are presented here. Ivanhoe Companys net income for 2017 was $153,918. Depreciation expense was $27,162.

2017

2016

Current assets

Cash

$105,630

$ 99,594

Accounts receivable

80,480

89,534

Inventory

169,008

173,032

Prepaid expenses

27,162

22,132

Total current assets

$382,280

$384,292

Current liabilities

Accrued expenses payable

$ 15,090

$ 5,030

Accounts payable

85,510

92,552

Total current liabilities

$100,600

$ 97,582