ales revenue ess: Cost of goods sold Gross profits ess: Operating expenses Operating profits ess: Interest expense Net profits before taxes ess: Taxes (40%) Net profits after taxes alance Sheet ational company ecember 31, 2019 $100,000 87,000 $ 13,000 11,000 $ 2,000 500 $ 1,500 600 $ 900 $ Assets lash ccounts receivable nventories Total current assets Cross fixed assets ess: Accumulated depreciation Net fixed assets Total assets $35,000 13,250 Liabilities & Stockholders' Equity ccounts payable ccruals Total current liabilities ong-term debt Total liabilities Common stock etained earnings Total stockholders' equity Total liabilities & stockholders equity se taxes $ 2,000 500 $ 1,500 600 900 xes $ y 19 Assets $1,000 8,900 4,350 $14,250 ts $35,000 13,250 depreciation 21,750 $36,000 Liabilities & Stockholders' Equity lities $ 9,000 6,675 $15,675 4,125 $19,800 1,000 15,200 $16,200 $36,000 s' equity stockholders equity ales revenue ess: Cost of goods sold Gross profits ess: Operating expenses Operating profits ess: Interest expense Net profits before taxes ess: Taxes (40%) Net profits after taxes alance Sheet ational company ecember 31, 2019 $100,000 87,000 $ 13,000 11,000 $ 2,000 500 $ 1,500 600 $ 900 $ Assets lash ccounts receivable nventories Total current assets Cross fixed assets ess: Accumulated depreciation Net fixed assets Total assets $35,000 13,250 Liabilities & Stockholders' Equity ccounts payable ccruals Total current liabilities ong-term debt Total liabilities Common stock etained earnings Total stockholders' equity Total liabilities & stockholders equity se taxes $ 2,000 500 $ 1,500 600 900 xes $ y 19 Assets $1,000 8,900 4,350 $14,250 ts $35,000 13,250 depreciation 21,750 $36,000 Liabilities & Stockholders' Equity lities $ 9,000 6,675 $15,675 4,125 $19,800 1,000 15,200 $16,200 $36,000 s' equity stockholders equity