The following financial statements apply to Cowboy Ice Cream Company: Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Year 2 $ 219,600 Year 1 $ 182,100 124,600 101,600 20,500 18,500 9,100 8,100 2,900 2,900 19,400 16,700 176,500 147,800 $ 43,100 $ 34,300 Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities $ 5,200 $ 6,500 2,900 2,900 36,000 31,200 101,700 94,100 3,800 2,800 149,600 137,500 106,100 106,100 21,200 $ 276,900 $ 243,600