Year 2 Year 1 Accounts payable 38,000 29,000 Accounts receivable 53,600 50,000 Accumulated depreciation 126,700 117,700 Cash and cash equivalents 84,000 48,700 Loan payable, current portion 10,000 10,000 Machineries 156,000 150,000 Cost of goods sold 240,000 279,000 Depreciation expense 9,000 8,800 Income tax expense 120,000 125,000 Inventories 39,600 39,000 Long term investment in FVOCI 50,100 50,000 Loan payable, long term portion 20,000 30,000 Gain (loss) from investment in FVOCI 100 ( 200) Accrued expenses 24,000 22,000 Prepaid expenses 5,500 15,000 Retained earnings, start of the year 135,000 100,000 Interest expense 10,000 10,000 Utilities expense 32,000 30,000 Salaries expense 200,000 212,000 Sales revenue 636,000 700,000 Share capital 10,000 9,000