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The current sections of Pina Colada Corp.'s balance sheets at December 31, 2016 and 2017,are presented here. Pina Colada Corp.'s net income for 2017 was
The current sections of Pina Colada Corp.'s balance sheets at December 31, 2016 and 2017,are presented here. Pina Colada Corp.'s net income for 2017 was $167,535. Depreciation expense was $29,565 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses $114,975 87,600 183,960 29,565 $416,100 $108,405 97,455 188,340 24,090 418,290 Total current assets Current liabilities $ 16,425 93,075 $109,500 $5,475 100,740 $106,215 Accrued expenses payable Accounts payable Total current liabilities
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