$\backslash$table$[[\backslash$table$[[$FORTEN COMPANY$],[$Income Statement$],[$For Current Year Ended December $31]]],[],[$Cost of goods sold,,,$ $642,500,,],[$Gross profit,,,$297,000,,],[$Operating expenses $($excluding depreciation$),$$ $144,400,,345,500,,],[$Depreciation expense,$32,750,,177,150,,],[$Other gains $($losses$),,,(17,125),,],[$Income before taxes,,,$151,225,,],[$Income taxes expense,,,$41,050,,],[$Net income,,,$ $110,175,,],[\backslash$table$[[$FORTEN COMPANY$],[$Comparative Balance Sheets$],[$December $31]]],[],[\backslash$table$[[$Current Year Prior Year$],[$Assets$]]],[],[$Cash$,,,$$ $67,900,,$$ $85,500],[$Accounts receivable,,,$83,890,,62,625],[$Inventory$,,,293,656,,263,800],[$Prepaid expenses,,,$1,330,,2,135],[$Total current assets,,,$446,776,,414,060],[$Equipment$,,,145,500,,120,000],[$Accumulated depreciation$-$Equipment,,,$(42,625),,(52,000)$