The income statement and selected balance sheet information for Hamburger Heaven for the year ended December 31, 2015, are presented below Income Statement $ 1,860 Sales Revenue Expenses Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilties Expense 850 150 450 200 75 45 Net Income $ 35 Selected Balance Sheet Accounts Inventory Accounts Receivable Accounts Payable Salaries and Wages Payable Utilities Payable Prepaid Rent Prepaid Insurance 2015 2014 $ 72 55 400 225260 25 50 10 355 39 25 2 TIP: Prepaid Rent decreased in 2015 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 2015