+The net income reported on the income statement for the current year was $825,000. Depreciation recorded on fixed assets and amortization of patents for the year were $50,000 and $4,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: Accounts receivable Inventories End Beginning 136,000 132,000 109,000 97,000 4,500 6,500 Prepaid expenses Accounts payable (merchandise creditors) 82,000 96,000