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B C D E F G H K The 2018 income statement and comparative balance sheet of Sweet Valley, Inc. follow: SWEET VALLEY, INC.
B C D E F G H K The 2018 income statement and comparative balance sheet of Sweet Valley, Inc. follow: SWEET VALLEY, INC. Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit $ 445,000 203,200 241,800 Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income $ 77,400 14,500 10,100 102,000 139,800 Other Income and (Expenses): Interest Revenue 8,200 Interest Expense (21,100) Total Other Income and (Expenses) (12,900) Net Income Before Income Taxes 126,900 Income Tax Expense 19,400 Net Income $107,500
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