the following information is for floorco, inc. for the year just ended: end of year beginning of year current assets: cash $75,000 $90,000 accounts receivable 158,000 140,000 inventory 285,000 246,000 prepaid expenses 11,000 16,000 current liabilities accounts payable 284,000 302,000 accrued liabiities 9,500 11,200 income taxes payable 27,000 24,000 net income $94,500 accumulated depreciation total credits $45,000