2019 2018 Income Statement (in Thousands) Revenues $ 15,750 Cost of goods sold 11,110 1,240 Other expenses 1,190 Income before income taxes 1,530 1,860 Income taxes (35%) 651 Net income Statement of Retained Earnings $ 2,780 Beginning balance Net income Dividends (80) (130) Ending balance Balance Sheet Assets Cash Balance Sheet Assets Cash Property, plant, and equipment 1,567 1,396 11,918 Other assets $ 14,444 Total assets Liabilities Current liabilities $ 5,650 Long-term debt 4,750 1,015 3,390 1,160 Other liabilities Total liabilities $ 9,150 Stockholders' equity: Common stock $ $ 275 $ 275 Retained earnings 220 110 Other stockholders' equity 4,244 Total stockholders' equity Total liabilities and stockholders' equity FULL HULU U JUICHUIU is quity Cash Flow Statement Net cash provided by operating activities $ 850 Net cash used in investing activities (200) (540) (450) (480) Net cash used in financing activities Increase (decrease) in cash (130) 1,210 Cash at beginning of year Cash at end of year Question 1. P1-67A (sim HW Score: 4 Data table 2019 2018 Income Statement Revenues Cost of goods sold (in Thousands) $k $ 15,750 11,110 a 1,240 1,190 Other expenses Income before income taxes 1,530 1,860 651 Income taxes (35%) $ $m E $b Net income $n$ 2,780 O o c c Statement of Retained Earnings Beginning balance Net income Dividends declared Ending balance Balance Sheet (80) (130) $p $d Assets $ 9 $ Se Cash Property plant and equipment 1.567 1.396 Print Done