Waite Company's comparative balance sheet and income statement for last year appear below:
Statement of Financial Position
\table[[,Balasce,Beginning],[Cash,$27,000,$22,000],[Acoeunts receivable,54,000,60,000],[Invertiony,48,000,36,000],[Prepaid expenses,14,000,11,000],[Long-tern investinest,270,000,230,000],[Plant and equipment,400,000,440,000],[Accumslated depreciation,(306,000),(276,000)