9. How much cash did Beta actually receive from customers?

a. $2,208,289

b. $340,761

c. $521,682

Beta Financial Statement (questions 8-12) BETA FINANCIAL STATEMENTS 2016 2017 2018 2019 2020 Revenue: 1,020,938 1,531,407 1,914,259 2,143,970 2,208,289 COGS 357,328 535,993 669,991 750,390 772,901 Gross Profit 663,610 995,415 1,244,268 1,393,581 1,435,388 Depreciation 10,600 10,600 10,600 10,600 10,600 SG&A 357,328 535,993 669,991 750,390 772,901 R&D 102,094 153,141 191,426 214,397 220,829 EBIT 193,588 295,681 372,252 418,194 431,058 Interest 9,000 12,000 12,000 12,000 12,000 184,588 283,681 360,252 406,194 419,058 Pretax Profit Tax Expense (21%) Net Income 40,359 61,799 77,879 87,527 90,228 144,228 221,882 282,373 318,667 328,830 BETA Balance Sheets 2016 2017 2018 2019 2020 302,762 311,845 321,200 330,836 340,761 772,822 1,236,516 1,916,599 3,066,559 4,753,167 Cash Accounts Receivable Inventory Current Assets PP&E 610,725 629,046 647,918 667,355 687,376 1,686,309 2,177,407 2,885,717 4,064,751 5,781,304 11,670,501 11,787,206 11,905,078 12,024,129 12,144,370 Goodwill 30,000 30,000 30,000 30,000 30,000 13,386,810 13,994,613 14,820,795 16,118,879 17,955,674 ASSETS accounts payable debt 915,757 1,067,369 1,224,659 1,521,310 1,838,017 3,816,045 4,050,353 4,436,873 5,119,638 6,310,897 4,731,802 5,117,722 5,661,532 6,640,949 8,148,914 LIABILITIES Shareholder Equity 8,655,008 8,876,891 9,159,263 9,477,931 9,806,760 shares outstanding 956,000 990,000 1,256,888 1,125,555 1,310,054