2018 Statement of comprehensive income ($ in millions) Net sales $1,384 Less: Cost of goods sold 605 Less: Depreciation 1801 Earnings before interest and taxes 599 Less: Interest paid 80 Taxable income 519 Less: Taxes 156 Net income $3631 Addition to retained earnings $254 Dividends paid 1091 Young, Inc. 2017 and 2018 Statement of financial position ($ in millions) 2017 2018 2017 Cash $100 $121 Accounts payable $400 Accounts rec. 350 425 Notes payable 390 Inventory 440 410 Total $790 Total $8901 $956 Long-term debt 500 Net fixed assets 1.556 1,704 Common stock 600 Retained earnings 556 Total assets $2,446 $2,660 Total liabilities $2.446 2018 $350 370 $720 550 580 810 $2.660 2018 Statement of comprehensive income ($ in millions) Net sales $1,384 Less: Cost of goods sold 605 Less: Depreciation 1801 Earnings before interest and taxes 599 Less: Interest paid 80 Taxable income 519 Less: Taxes 156 Net income $3631 Addition to retained earnings $254 Dividends paid 1091 Young, Inc. 2017 and 2018 Statement of financial position ($ in millions) 2017 2018 2017 Cash $100 $121 Accounts payable $400 Accounts rec. 350 425 Notes payable 390 Inventory 440 410 Total $790 Total $8901 $956 Long-term debt 500 Net fixed assets 1.556 1,704 Common stock 600 Retained earnings 556 Total assets $2,446 $2,660 Total liabilities $2.446 2018 $350 370 $720 550 580 810 $2.660