The Extra Surplus Company's Balance Sheet for December 31, 2017 and the Income Statement for 2018 are shown below Extra Surplus Company Balance Sheet December 31, 2017 Assets Cash ed $19,000 Accounts Receivable. 9,500 Inventory 22,800 Property and Equipment, Net 38,000 $89,300 Liabilities and Stockholders' Equity Accounts Payable $19,000 Notes Payable, Long-Term 9,500 Common Stock 38,000 Retained Earnings 22,800 $89,300 Extra Surplus Company Income Statement For the Year Ended December 31, 2018 Sales Cost of Goods Sold Salaries and Wage Expense Interest Expense Other Expenses Net Income $36,400 8,400 8,400 2,800 1,400 $15,400