The following information pertains to Concord Corporation. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets $43000 47000 27000 232000 $349000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity 73000 82000 194000 $$349000 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income $82000 42000 40000 28000 $ 12000