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