The following information is reported in the 12/31/18 financial statements for Erickson, Inc 2018 $1,596,000 (1,000,000) INCOME STATEMENT Sales Revenue Cost of Goods Sold Selling Expenses Administrative Expenses Stock Compensation Expense Bad Debt Expense Pension Expense Depreciation Expense BALANCE SHEET 2018 2017 $52,000 $41,000 Trading Securities Available-for-sale Securities Accounts Receivable Allowance for Doubtful Accounts Inventory Prepaid Administrative Expenses Deferred Tax Asset Equity-method Investment an Buildings and Equipment Accumulated Depreciation 10,000 13,000 39,000 (10,000 (8,000) 47,000 46,000 55,000 11,000 (39,000) 15,000 18,000 615,000 450,000 1,074,000 1,200,000 180,000 $1,727,000 $1,646,000 Income from Operations Gain on Sale of Equipment Realized Gain on Sale of AFS Investments Unrealized Loss on Trading Securities Equity-method Income Interest Expense 23,000 162,000 Total Assets $420,000 (115,000) $305,000 $13,000 22,000 Accounts Payable Income Taxes Payable Unearned Revenue Notes Payable (short-term) Notes Payable (long-term) Bonds Payable Discount on Bonds Payable Pension Liability Common Stock Additional Paid-in Capital Common Stock Treasury Stock Additional Paid-in Capital Treasury Stock Paid-in Capital Stock Options Retained Earnings Income before Income Taxes 22,000 12,000 16,000 64,000 94,000 Income Tax Expense Net Income 49,000 80,000 94,000 (14,000)(16,000) 310,000 305,000 85,000 985,000 950,000 (70,000) (97,000) NOTES FOR 2018: No trading securities were sold . AFS securities were sold for cash. No AFS securities were Se Land was purchased for cash Equipment was sold for cash. No equipment was purchased. $49,000 of short-term notes payable were paid off. $16,000 of long-term notes payable were reclassified as short-term. The pension had no OCI effects Common stock was issued for cash Treasury stock was reissued for cash Cash dividends were declared and paid 89,000 . 41,000 142,000 $1,727,000 . 117,000 $1,646,000 Total Liabilities and Stockholders' Equity