ile Edit View History Bookmarks Window Help ducation.com/flow/connect.htmi7returnUrl.https%3A%2F My Blackboard- Blackboard Learn MONTGOMERY INC Comparative Balance Sheets December 31, 2018 and 2017 2017 Assets Cash Accounts receivable, net Inventory 63,500 63,900 22,100 162,300 127,700 243,900 213,700 75, 600 25 points 18,100 Total current assets Equipment Accum. depreciation-Equipment Total assets 89,900 (40,500) (28,000) $293,300 $261,300 eBook Print Liabilities and Equity Accounts payable Salaries payable Total current 1iabilities Equity Common stock, no par value Retained earnings Total liabilities and equity 43,100 46,500 .000 43.90047,500 800 210,000 192,000 39,40021 800 $293,300 $261,300 MONTGOMERY Income Statement For Year Ended Decenber 31, 2018 Sales Cost of goods sold Gross profit Operating expenses s 77,200 32,100 45,100 Depreciation expense $12,500 9.400 Other expenses Total operating expense Income before taxes Incone tax expense Net incone 23,200 5,600 $17,600 Prev 1 of 4 Next> 27