Balance Sheet

2006 2007 2006 2007

Cash $ 1,400 $ 2,300 Accounts payable $ 5,300 $ 4,700

Accounts receivable 4,100 4,300 Long-term debt 12,800 9,400

Inventory 8,400 7,600 Common stock 7,500 10,000

Net fixed assets 17,600 19,100 Retained earnings 5,900 9,200

Total assets $31,500 $33,300 Total liabilities and equity $31,500 $33,300

Income Statement

Net Sales $32,700

Costs 20,705

Depreciation 2,510

EBIT 9,485

Interest 1,000

Taxable income 8,485

Taxes 2,885

Net Income $ 5,600