ABC COMPANY BALANCE SHEET AS OF DECEMBER 31, 2014 ASSETS 2014 2013 2012 Accounts receivable $1,604,312 $1,064,178 Property, plant, and equipment Current iabilities S 366,864 Accrued liabilities Current portion of long-term debt Total current liabilities Long-term liabilities STOCKHOLDERS EQUITY Total stockholders' equity TOTAI LIABILITIES AND DERS EQUITY ABC COMPANY INCOME STATEMENT FOR THE PERIOD ENDED DECEMBER 31, 2014 2014 $1,572,134 $601,215 $970,919 2013 2012 $1,413,581 $1,158,417 Cost of goods sold Gross profit 556,721 $856,860 $657,715 Advertising Depreciation Bad debts Legal Miscellaneous $555,153 21,442 20,151 17,261 91,014 148,321 14,315 47,121 50,531 21,442 18,934 $42,150 21,442 17,943 9,701 29,104 141,143 11,932 39,142 31,214 142,078 Repairs and maintenance 45,312 Salaries and wages S 430,690 S 540,229 216,092 S 324,137 $326,774 $330,941 132,376 Total expenses Net income before income tax Income tax expense NET INCOME Number of shares of stock outstanding $349,003 $507,857 203,143 $304,714 26,786 35,913 23,712 ABC COMPANY INCOME STATEMENT FOR THE PERIOD ENDED DECEMBER 31, 2014 % CHANGE 2014 $1,572,134 601,215 $970,919 2013 $1,413,581 556,721 $856,860 $ CHANGE Sales Cost of goods sold Gross profit EXPENSES $50,531 21,442 18,934 0,207 31,214 142,078 13,642 45,312 15,643 $349,003 $507,857 203,143 $304,714 Advertising $55,153 21,442 20,151 17,261 91,014 148,321 14,315 47,121 15,912 $430,690 $540,229 216,092 $324,137 Bad debts Legal Miscellaneous Rent Repairs and maintenance Salaries and wages Utilities Total expenses Net income before income ta Income tax expense NET INCOME