The income statement, balance sheets, and additional information for Track Inc. are provided. Revenues Gain on sale of land Total revenues Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net Income Assets Current Assets: Cash Accounts receivable Inventory Prepaid rent Long-Term Assets: Track Inc Income Statement For the Year Ended December 31, 2019 Track Inc Balance Sheets December, 31 2019 $250,000 4,000 254,000 127,000 25,000 20,000 16,000 12,000 200,000 $54,000 $330,000 2018 $187,000 95,000 83,000 121,000 7,000 138,000 5,000