The current sections of Scoggin Inc.s balance sheets at December 31, 2016 and 2017, are presented here.

Scoggins net income for 2017 was $154,700. Depreciation expense was $23,300.

2017

2016

Current assets

Cash

$102,700

$97,700

Accounts receivable

109,400

80,000

Inventory

158,200

173,000

Prepaid expenses

26,900

25,900

Total current assets

$397,200

$376,600

Current liabilities

Accrued expenses payable

$15,000

$9,300

Accounts payable

84,000

95,600

Total current liabilities

$99,000

$104,900