ASSETS 2021 2020

Cash $ 15,000 $ 16,000 Marketable securities 7,200 8,000 Accounts receivable 34,100 42,200 Inventories 82,000 50,000 Total current assets $138,300 $116,200 Land and buildings $150,000 $150,000 Machinery and equipment 200,000 190,000 Furniture and fixtures 54,000 50,000 Other 11,000 10,000 Total gross fixed assets $415,000 $400,000 Less: Accumulated depreciation 145,000 115,000 Net fixed assets $270,000 $285,000 Total assets $408,000 $401,200 Liabilities and Stockholders' Equity Accounts payable $ 57,000 $ 49,000 Notes payable 13,000 16,000 Accruals 5,000 6,000 Total current liabilities $ 75,000 $ 71,000 Long-term debt $150,000 $160,000 Common stock equity (shares outstanding: $110,200 $120,000 19,500 in 2015 and 20,000 in 2014) Retained earnings 73,100 50,200 Total stockholders' equity $183,300 $170,200 Total liabilities and stockholders' equity $408,300 $401,200Sales revenue $600,000 Less: Cost of goods sold 460,000 Gross profits $140,000 Less: Operating expenses General and administrative expenses $ 30,000 Depreciation expense 30,000 Total operating expense $ 60,000 Operating profits $ 80,000 Less: Interest expense 10,000 Net profits before taxes $ 70,000 Less: Taxes 27,100 Earnings available for common stockholders $ 42,900 Earnings per share (EPS) $2.15