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At year - end 2 0 0 2 , Yung.com had notes payable of $ 1 2 0 0 , accounts payable of $ 2

At year-end 2002,
Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $3000. Corresponding entries for 2003 are $1600,$2000, and $2800. Asset values are below. During 2003,
Yung.com had sales of $9000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21% and all taxes are paid currently.
\table[[Current Asset,2002,2003,,,],[Cash,$800,$500,,,],[\table[[Marketable],[securities]],400,300,,,],[Accounts receivable,900,800,,,],[Inventory,1800,2000,,,],[Fixed Assets,,,,,],[\table[[Net Fixed Asset],[(Plant&Equipment)]],$6000,$8000,,,]]
In 2003, the net income is $
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