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Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 5116,500 58.ece 63,000 251.900 127,300 133.000 5345,90 $68,500 53,00 88, eee 5.500 207, see 115.ee (11.000 5314,000 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long ters) Total 13 abilities Equity Common stock, 55 par alus Retained earnings Total liabilities and Equity 5 28,00 6.00 35.600 $32.00 16,300 4.800 52:00 65. 1170 65,65 170,000 $345.900 5314,000 SHITH THE Incon Statement For Endede 30, 2019 Sales Cost of roots told 5635.300 Type here to search b Single stop Meciww.Hax Connect x Use The Follox C 011201 - Bax C 1201 chegg.com/homework-help/questions and answers/use following financial statements-additional information-smith inc-compara = Chegg Study Textbook Solutions Expert Q&A Study Pack NEW! Practice Income Statement For Year Ended June 30, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $60,000 Other expenses 53,000 Total operating expenses 5685,000 419.000 266,000 125,000 135,000 Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income 3,100 100, 100 52,830 5.97.220 Additional Information 2. A 533,000 note payable is retired at $33.000 carryind ook) vaicze in exchange for cashe b. The only changes affecting retained angenetic and videos paid c. New equipment is acquired to $59.000 cash d. Received cash for the sale of equipment that had cost $50.000 sang a 52.100 gain e. Prepaid Expenses and Wages Payable Sale te olher Ebenses on the income statement f. 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