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1 (8 marks) 2018 2019 Sales 12,050 14,000 Depreciation expense 295 195 Cost of goods sold 35.00% Salary expense 1,700 1,800 Interest expense Common Shares
1 (8 marks) 2018 2019 Sales 12,050 14,000 Depreciation expense 295 195 Cost of goods sold 35.00% Salary expense 1,700 1,800 Interest expense Common Shares Ending Retained Earnings 137 368 000' 1,000 Accounts receivable 1,423 2,603 Short-term notes payable 807 195 Long-term debt 3.600 5,700 Net fixed assets 9,015 7,230 Accounts payable 1,160 Inventory Dividends 3,600 250 Cash Tax rate 2841 40% 40%
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