2017		2018
Sales	$ 2,050		$ 2,200
Depreciation	295		295
Cost of goods sold	705		801
Other expenses	170		140
Interest	137		158
Cash	1,075		1,099
Accounts receivable	1,423		1,603
Short-term notes payable	208		195
Long-term debt	3,600		4,200
Net fixed assets	9,015		9,230
Accounts payable	1,129		1,095
Inventory	2,530		2,600
Dividends	250		?
Common Shares			1,000
Tax rate	40%		40%
	2017		2018
Sales	$ 2,050		$ 2,200
Depreciation	295		295
Cost of goods sold	705		801
Other expenses	170		140
Interest	137		158
Cash	1,075		1,099
Accounts receivable	1,423		1,603
Short-term notes payable	208		195
Long-term debt	3,600		4,200
Net fixed assets	9,015		9,230
Accounts payable	1,129		1,095
Inventory	2,530		2,600
Dividends	250		?
Common Shares			1,000
Tax rate	40%		40%

worksheet #26 is for practice. For worksheet #26, try to put together 2 sets of Income Statements (for the years 2017 and 2018), and 2 Balance Sheets (as at 2017 and 2018). If you are feeling ambitious, try to put together a Statement of Retained Earnings (for 2018 only). Note, for 2018, the dividends are not given to you, so you may have to work backwards to this amount.