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value: 25.00 points The income statement, balance sheets, and addtional tion for Video P VIDEO PHONES, INC Ended December 31, 2018 Net sales $ 3,086,000

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value: 25.00 points The income statement, balance sheets, and addtional tion for Video P VIDEO PHONES, INC Ended December 31, 2018 Net sales $ 3,086,000 Cost of goods sold Depreciation expense Loss on sale of land Interest expense Income tax expense $ 2,000,000 868,000 28,000 8,100 15,500 49,000 2,968,600 Net income 117,400 VIDEO PHONES, INC Sheet December 31 2018 2017 Current assets: $182,860$152,380 61,000 82,100 2 8

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