The income statement and selected balance sheet information for Hamburger Heaven for the year ended December 31, 2013, are presented below.

Income Statement 2,200 Sales Revenue Expenses 930 Cost of Goods Sold 230 Depreciation Expense 530 Salaries Expense 280 Rent Expense Insurance Expense 83 Interest Expense 63, Utilities Expense 53 Net Income 31 Selected Balance Sheet Accounts 2013 2012 Merchandise Inventory 88 63 Accounts Receivable 395 480 Accounts Payable 215 240 Salaries Payable 35 23 Utilities Payable 23 66 Prepaid Rent 10 Prepaid Insurance 14 TIP: Prepaid Rent decreased in 2013 because the amount taken out of Prepaid Rent (and subtracted from net income as Rent Expense) was more than the amount paid for rent in cash during 2013