The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 is presented below.

Income Statement $70,000 Sales Revenue Expenses. Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense nterest Expense Utilities Expense 32,000 15,200 9,200 1,700 900 800 600 Net Income $ 9,600 Selected Balance Sheet Accounts Beginning Balances Ending Balances Inventory Accounts Receivable Accounts Pavable Salaries and Wages Payable Utilities Pavable Prepaid Rent Prepaid Insurance $ 445 1,400 1,380 630 100 80 70 $ 520 1,180 1,660 340 0 100 90