2010 2011 Cost of goods sold 196,619 $ 248.263 Cash 28.372 42.365 Depreciation 55,500 62.738 expense 12,067 13.831 Beling & Administrative 38.668 50,469 Accounts payable 20.143 34,001 Net Eved assets 244881 298.350 Sales 385.7241 470,172 15 Accounts receivable 20,104 20.078 Notes payable 22355 24,955 Long-term det 123,007 140,000 ventory 38,706 52,057 New squity 15,000 21 11 Dividend percentage 30% 35% pete Income Statement of 2010 & 2011 lete Balance Sheet of 2010 & 2012 Ouput 2010 income Statement Sales Cost of goods sold 196610 17 " Selling & Administra Depreciation EBIT 56.506 2011 comment Cost of goods so Selling & Administrativ Depreciation EBIT 470,172 248263 50.449 63738 108,702 13.047 13.431 24 Taxes 34.99 28.401 Net ingeme S Net income 66410 Dividends 20,50 Dividends 26,504 Addition to retained eamings 37.705 38344