Cash USE THE DATA BELOW TO ANSWER QUESTIONS 2-10 The balance sheet accounts listed below are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year. Category 2017 2018 Accounts payable 8,600 8,300 Accounts receivable 8.950 7,740 Accruals 5.210 5.710 Additional paid in capital 9.000 9.700 12,600 11.710 Common Stock 2,000 2.500 COGS 37,910 41,480 Depreciation expense 2,500 4,400 Interest expense 5.000 6,000 Inventories 5.195 ??? Long-term debt 7.560 8.450 Net fixed assets 52.425 61,920 Notes payable 4,400 3.900 Operating expenses (excl. 23.490 25,740 depreciation) Retained earnings 42,400 48.200 Sales 80,500 89.800 Taxes 3,300 4.100 yventories in 2018 were $ Ouvy Sales Taxes 80,3W 3,300 4,100 Inventories in 2018 were $ 1) 4,890 2) 5.390 3) 5,990 0 4) 6,430 5) 7,040 Net income in 2018 was $__ 1) 7,680 2) 7,880 (3) 8.080 04) 8,780 (5) 9,680 Page 3 of 40