20X3 Unaudited	20X2 Audited
Assets
Cash	$ 1,192,292	$ 1,767,692
Accounts Receivable	$ 6,982,923	$ 5,380,712
Allowance for doubtful accounts	$ (51,000)	$ (46,500)
	$ 6,931,923	$ 5,334,212
Inventory	$ 6,753,764	$ 4,368,626
Prepaid Expenses	$ 562,824	$ 410,009
Total Current Assets	$ 15,440,802	$ 11,880,537
Property, Plant & Equipment	$ 12,318,474	$ 11,932,046
Accumulated Depreciation	$ (4,780,586)	$ (4,334,936)
Net Fixed Assets	$ 7,537,889	$ 7,597,110
Total Assets	$ 22,978,691	$ 19,477,647
Liabilities and Shareholder's Equity
Accounts Payable	$ 4,052,336	$ 2,866,371
Accrued payroll and payroll taxes	$ 562,824	$ 318,597
Accrued expenses	$ 1,350,779	$ 983,642
Notes payable to banks	$ 1,801,038	$ 1,506,828
Current portion of long-term debt	$ 337,500	$ 300,000
Total Current Liabilities	$ 8,104,476	$ 5,975,438
Long-term debt	$ 6,941,957	$ 6,220,178
Deferred Income Taxes	$ 67,539	$ 53,349
Total liabilities	$ 15,113,972	$ 12,248,964
Common stock	$ 375,000	$ 262,500
Additional paid-in capital	$ 450,260	$ 348,786
Retained earnings	$ 7,039,460	$ 6,617,397
Total equity	$ 7,864,719	$ 7,228,683
Total liabilities and shareholders'
equity	$ 22,978,691	$ 19,477,647
	20X3 Unaudited	20X2 Audited
Net Sales	$ 35,274,720	$ 27,558,375
Cost of goods sold	$ 25,397,798	$ 20,117,614
Gross profit	$ 9,876,922	$ 7,440,641
Depreciation	$ 445,650	$ 290,040
Selling expenses	$ 4,232,966	$ 3,582,589
General and admin. expenses	$ 3,527,472	$ 3,031,421
Other expenses	$ 282,198	$ 220,467
	$ 8,488,286	$ 7,124,517
Operating income	$ 1,388,635	$ 316,244
Interest expense	$ 654,398	$ 329,700
Interest income	$ (78,375)	$ (64,013)
Other expense, net	$ 23,625	$ 26,981
	$ 599,648	$ 292,668
Income before taxes	$ 788,988	$ 23,576
Income taxes	$ 291,926	$ 3,536
Net income	$ 497,062	$ 20,040
Retained earnings beginning of year	$ 6,617,397	$ 6,649,857
Dividends	$ (75,000)	$ (52,500)
Retained earnings end of year	$ 7,039,460	$ 6,617,397

Present an analytical review worksheet for the years 20X3 and 20X2.