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  3. portions of the financial statements for alliance

Portions of the financial statements for Alliance Technologies are provided below Income Statement 31, 2018...

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Accounting

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Portions of the financial statements for Alliance Technologies are provided below Income Statement 31, 2018 Net sales $ 375,000 Cost of goods sold Operating e Depreciation expense Income tax expense $220,000 67,000 16,700 25,500 Total expenses 329,200 Net income $45,800 ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2018, compared to December 31, 2017 Increase in inventory Decrease in prepaid rent Increase in salaries Decrease in accounts payable Increase in income tax payable 6,700 13,700 9,700 5,700 8,700 22,800 payable Required

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