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Exercise 13-5 Your answer is partially correct. Try again The current sections of Scoggin Inc.'s balance sheets at December 31, 2016 and 2017, are presented here Scoggin's net income for 2017 was $154,700. Depreciation expense was $23,300 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses $102,700 109,400 158,200 $97,700 80,000 173,000 26,90025,900 $376,600 Total current assets $397,200 Current liabilities Accrued expenses payable Accounts payable $15,000 84,000 $99,000 $9,300 95,600 $104,900 Total current liabilities