2. MARKET PRICE PER - SHAR = "15 1,000,000 SHARES of COMMON STOCK OUTSTANDIN Net sales Cost of goods sold Gross profit.. Operating expenses: Selling expenses General expenses Total operating expenses Income from operations Interest revenue Interest expense Income before income taxes Income tax expense Net income Assets Current Assets: Cash Accounts receivable, net Inventories Palisades Furniture, Inc. Comparative Income Statement Years Ended December 31, 20X5 and 20X4 Liabilities Current Liabilities: Notes payable Accounts payable Accrued liabilities Total current liabilities Prepaid expenses Total current assets Long-term investments Property, plant, and equipment, net Total assets Long-term debt Total liabilities. Stockholders' Equity Common stock, no par Retained earnings 20X5 $858,000 513,000 345,000 Total stockholders' equity Total liabilities and stockholders' equity 126,000 118,000 244,000 101,000 Palisades Furniture, Inc. Comparative Balance Sheet December 31, 20X5 and 20X4 4,000 24,000 81,000 33,0