2015 2014 Assets Cash 7.282 9.000 Short-term Investments 0 48,600 Accounts receivable 632.160 351.200 Inventories 1.287,360 715.200 Total current assets 1,926,802 1,124,000 Net fixed assets 939.790 344.800 Total assets 2.866,592 1.468,800 Liabilities and equity Accounts payable 524.160 145.600 Notes payable 720.000 200,000 Accrued expenses 489.600 136.000 Total current liabilities 1,733,760 481.600 Long-term debt 1.000,000 323.432 Total Eabilities 154.219 123,896 Common stock 460.000 460.000 Retained earnings (327,168) 203,768 Total equity 132.832 663.768 Total Cabilities and equity 2.866,592 1.468.800 2015 2014 Sales 5.834.400 3.432.000 Cost of goods sold 5.728,000 2.864,000 Other expenses 680-000 340.000 Depreciation 116.960 18.900 Total operating costs 6.524,960 3.222.900 Earnings before interest and tax (690,560) 209.100 Interest expense 176.000 62.500 Earnings before tax (866,560) 146.600 Taxes (40%) (346.624) 58.640 Net income (519,936) 87.960