Assume that you are Cochrans assistant and that you must help her answer the following questions for Meissner aWhat effect did the expansion have on sales and net income What effect did the expansion have on the asset side of the balance sheet What effect did it have on labilities and equity We see that first of all sales increased by 240240000 unfortunately though net income fell by over 190000 and assets almost doubled Further debt and funds provided by suppliers increased but retained earning