The following accounts and corresponding balances were drawn from Jogger Company's Year 2 and Year 1 year-end balance sheets Account Title Accounts receivable Prepaid rent Utilities payable Other operating expenses payable Year 2 $74,000 600 1,820 32,200 Year 1 $78,500 1,020 1,120 35,700 The Year 2 income statement is shown next: Income Statement Sales Rent expense Utilities expense Other operating expenses Net Income $ 367,000 (22,500) (35,600) (167,300) $ 141,600