Use the following excerpts from Victrolia Company's financial information. Sales 2018 Income Statment Balance Sheets $455,000 (221,500) Cost of Goods Sold Operating Expenses, other than Depreciation Expense (59,600) Depreciation Expense (22,000) Gain on Sale of Plant Assets 23,500 Net Income $175,400 Dec. 31,2018 Cash $326,450 Accounts Receivable Inventory Accounts Payable Accured Liabilities Dec. 31, 2017 $133,500 39,750 30,000 17.550 3,500 Cash Accounts Receivable Inventory Accounts Payable Accured Liabilities Additional Information: Plant assets were sold for $40,000; book value $16,500 Dividends of $22,000 were declared and paid 36,500 35,000 19,550 2,200