The records of Koop Co. provided the following information for the year ended 31 December 20X8: Statement of Comprehensive Income For year ended 31 December 20X8 Sales revenue $ 485,900 Cost of goods sold (353,800) Depreciation expense (27,100) Insurance expense (2,800) Interest expense (5,600) Salaries and wages expense (33,600) Remaining expenses (36,400) Loss on sale of equipment (5,600) Income tax expense (20,700) Net earnings and comprehensive $ 300 income Statement of Financial Position As of 31 December 20X8 20X7 Cash $170,800 $ 93,200 Accounts receivable 86,800 76,000 Inventory 43,500 26,400 Prepaid interest 3,600 6,400 Buildings and equipment 208,200 204,500 Accumulated depreciation (54,000) (53,400) Land 208,500 107,100 Total $667,400 $460,200 Accounts payable Wages payable Income tax payable Notes payable, long-term Common shares $ 54,700 $ 47,700 5,600 15,500 157,800 10,700 80,500 403000 268 500