Assignment:

Prepare an income statement and a balance sheet.

Sales: $577219$

Operating Costs: $398609$

Depreciation Expense: $10000$

Interest Expense: $5000$

Tax Expense: $29408$

Cash: $2197$

Receivables: $45147$

Inventories: $71582$

Fixed Assest, Net: $50000$

Payables: $11000$

Accrued Expenses: $10000$

Long$-$Term Loan: $50000$

Common Equity: $97926$