#1 Item Prior year Current year Accounts payable Accounts receivable Accruals Cash Common Stock 8,140.00 7,769.00...

Transcribed Image Text:

#1 Item Prior year Current year Accounts payable Accounts receivable Accruals Cash Common Stock 8,140.00 7,769.00 6,065.00 6,570.00 976.00 1,653.00 ??? ??? 10,531.00 12,007.00 COGS 12,622.00 18,092.00 Current portion long-term debt 5,044.00 5,037.00 Depreciation expense Interest expense Inventories 2,500 2,753.00 733 417 4,272.00 4,787.00 Long-term debt 13,171.00 14,233.00 Net fixed assets 50,273.00 54,056.00 Notes payable 4,370.00 9,910.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,750.00 29,711.00 Sales 35,119 45,301.00 Taxes 2,084 2,775 What is the firm's net income in the current year? Submit Answer format: Number: Round to: O decimal places. unanswered not_submitted Attempts Remaining: Infinity #1 Item Prior year Current year Accounts payable Accounts receivable Accruals Cash Common Stock 8,140.00 7,769.00 6,065.00 6,570.00 976.00 1,653.00 ??? ??? 10,531.00 12,007.00 COGS 12,622.00 18,092.00 Current portion long-term debt 5,044.00 5,037.00 Depreciation expense Interest expense Inventories 2,500 2,753.00 733 417 4,272.00 4,787.00 Long-term debt 13,171.00 14,233.00 Net fixed assets 50,273.00 54,056.00 Notes payable 4,370.00 9,910.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,750.00 29,711.00 Sales 35,119 45,301.00 Taxes 2,084 2,775 What is the firm's net income in the current year? Submit Answer format: Number: Round to: O decimal places. unanswered not_submitted Attempts Remaining: Infinity