$\backslash$table$[[\backslash$table$[[$Balance Sheets As of December $31],[.],[$Year $1]]],[$Assets$],[],[,$$$65,507,$$$38,710],[$Accounts receivable,$30,218,22,16$e$],[\backslash$table$[[$Merchandise inventory$],[$Prepaid rent$]],155,465,171,010],[,2,330,4,66$e$],[$Equipment$,255,250,285,009],[\backslash$table$[[-$ Accumulated depreciation$],$

$\backslash$table$[[$Cest of goods sold,$$1,496,000],[$Gross profit,$(795,075)],[\backslash$table$[[$Operating expenses$],[700,975]]],[],[\backslash$table$[[$Bepreciation expense$],[$Rent expense$]$

Tne comparatrve balance sheets and an income statement for Perez Corporation follow:

ellook

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forerences

$\backslash$table$[[$Balance Sheets As of December $31],[,$Year $2,$Year $1],[$Cash$,,],[,$$$65,597,$$$38,710],[$Accounts receivable,$30,218,22,16$e$],[\backslash$table$[[$Merchandise inventory$],[$Prepaid rent$]],155,465,171,010],[$Equipment$,2,339,4,66$e$],[,255,250,285,009],[\backslash$table$[[$Accumulated depreciation$],[$Land$]],(143,230),(234,764)],(21,320)],[$Salaries expense,$(28,520)$