The following information pertains to Diane Company. Assume that al balance sheet amounts represent both average and ending balance figures and that all sales were on credit Assets $30,000 20,000 Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment 15,000 185.000 $250,000 Total Assets 545.000 20.000 Liabilities and Stockholders' Equity Currenties Long term bites Common stock ined earrings Total and stockholders' equity 80,000 55,000 $250.000 Tecome Statement 585.000 45,000 Cost of goods sold Nad Submit Anna Gran s & 5 7 9 6 8 O P R. T Y F . H V B N M Total liabilities and stockholders' equity $250,000 Income Statement Sales $85,000 Cost of goods sold Gross margin Operating expenses Interest expense Net income 45,000 $40,000 (15,000) (5,000) $20,000 6,000