... depreciationTotal assetsAssets Version A$2, 045 $2,570$2,750$550$7,915$12,225($7 ,43 5 $4, 790$12,705$2,165$2,600$3 ,45 0$600$8,815$12 ,45 0($6 ,41 5$6,035$ 14, 850))))))Version C Difference($120)($30)($700)($50)($900)($225)( $42 5)($650)($1,550)))))Income ... goods sold expense (or someother expense account). 144 Part II: Figuring Out Financial Statements 12_ 246 009 ch07.qxp 4/ 16/08 11:59 PM Page 144 In the strongest possible terms, I advise you to ... keepingthe books open for a few days (only for cash collections of accounts receivable) 142 Part II: Figuring Out Financial Statements 12_ 246 009 ch07.qxp 4/ 16/08 11:59 PM Page 142 The company’s $1,515,000...