Axtel Company Balance Sheet For the period ended 12/31/X1 ($000) ASSETS 12/31/x0 $ 3,514 6,742 2,573 $12,829 12/31/X1 2,875 Cash Accounts receivable Inventory CURRENT ASSETS Fixed assets 5,583 3,220 $11,678 Gross Accumulated depreciation Net $22,478 (12,147) 10,331 $23,160 $24,360 (13,313) 11,047 $22,725 TOTAL ASSETS LIABILITIES 1,556 268 $ 1,824 $ 7,112 14,224 $21,336 Accounts payable Accruals CURRENT LIABILITIES $ 1,702 408 $ 2,110 $6,002 14,613 $ 20,615 Long-term debt Equity TOTAL CAPITAL TOTAL LIABILITIES AND EQUITY $23,160 $ 22,725 Axtel Company Income Statement For the period ended 12/31/X1 ($000) Sales COGS Gross margin Expense EBIT Interest EBT Tax Net income $36,227 19,925 $16,302 10,868 5,434 713 $ 4,721 1,605 $ 3,116