Balance Sheet Assets Year 2003 Year 2004 Cash 500 450 Accounts Receivable 600 660 Inventory 500 550 Total CA 1300 1660 Plant, prop. equip 1000 1250 Total Assets 2600 2910 Liabilities Accounts Payable 500 550 Long term debt 700 1102 Total liabilities 1200 1652 Equity Common Stock 400 538 Retained Earnings 1000 720 Total Liabilities & Equity 2600 2910 Income Statement Sales 3000 Cost of Goods Sold (1000) Gross Profit 2000 SG&A 500 Interest Expense 151 EBT 1349 Taxes (30%) 405 Net Income 944
Balance Sheet
Income Statement
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