Use the balance sheet and the income statement below to answer the question that follows. J&M, Inc. BALANCE SHEET December 31 Assets 2015 2014 Changes J&M, INC. INCOME STATEMENT AND RETAINED EARNINGS (For Year Ended December 31, 2015) $300,000 188,000 112,000 Current assets: Cash and cash equivalents Short-term marketable sec. Accounts receivable Inventory $ 8,500 $6.100 +$2,400 3,000 5,000 - 2,000 23,700 19,500 + 4,200 37,700 39,800 - 2,100 Prepaid expenses 2,000 1,500 500 Total revenue Deferred charges 2,500 3,000