1) The financial statements below belong to your client, Comfy Inc., a custom furniture manufacturer. Please review Comfy's financial statements and draft 3-5 bullet points (1-3 sentences each) summarizing key takeaways you would want to communicate to Comfy's management team to give them a sense of how well their business performed in February. Consider including any big wins, trends you see in the numbers, suggestions to improve performance, etc. Dec-17 Jan-18 Fab-18 5 8,399 $ 12.746 5 $ 22.000 52043524002 $ 30,3985 36.694 $ 39,289 Income Statement Installation Revenue FR Total Revenue Contractor Material Other COS TotalCOS Gross Profit Gross Profit $ $ 5 $ 5,039 $ 9.050 S 11007 66005 7.1845 7.201 1,100 $ 1 1975 1 200 12.739 $17.431 $ 19.407 $ 17,659 SEX 19.2635 52 19.882 51N Balance Sheet 12/31/2017 1/31/2018 2/28/2018 Cash $ 428375 41.8275 38.719 Accounts Receivable $ 15,262 $ 192875 21263 Total Current Assets $ 58,099 $81114 $ 59982 Other Assets $ 23.000 3 23.000 $ 23,000 Total Assets $ 81,099 $ 84,114 $ 82.982 Accounts Payable 7362 $ 8172 $ 7901 Credit Cards $ 25388 2.763 $ 2.981 Line of Credit $ 5.000 $ 5000 $ 5000 Total Current Labdities $ 14 999 $ 15 935 $ 15 882 Other Libilities $ 18,000 $ 18 000 $ 18000 Totalbilities $32.8985 22935 33 882 Equity $ 18,201 $ 50,179 $ 49.100 Total Liabilities and Equity 301,099 $ 84,114 5 82.982 750 Administrative Sales Professionals Marketing Tre Rentities Oher SOSA TotalSGSA 5 3.006s 5 750 $ $ 8.685 $ 1.500 5 $ 2200 $ 5 9125 $ 15.716 36065 3.600 7505 7339 $ 5,03 16235 1.428 2 2065 2.202 11015 1.179 1654 15.118 Net Income 26793 4764