BALANCE SHEET (as of Dec.31) ASSETS Current Assets Cash and equivalents 2022 2023 INCOME STATEMENT 2023 CASH FLOW STATEMENT 2023 Total Revenues 4430 Operating Activities Operating costs and expenses 2860 Net income 570 420 496 EBITDA 1570 Adjustments Accounts receivable 948 1026 Depreciation 360 Depreciation 360 Inventory 1040 1128 Operating Income (EBIT) 1210 Changes in working capital Total Current Assets 2408 2650 Interest expense 260 Accounts receivable -78 Gross fixed assets 5002 5700 Income before tax 950 Inventories Accumulated depreciation 1208 1568 Taxes (at 40%) 380 Accounts payable 44 Net fixed assets 3794 4132 Net income 570 Accrued taxes and expenses 46 Total Assets 6202 6782 Dividends 180 LIABILITIES AND SHAREHOLDERS' EQUITY Change in retained earnings 390 Cash provided by operating activities Investing Activities 854 Current Liabilities Purchases of fixed assets 698 Accounts payable 590 Cash used for Investing activities 698 Notes payable 600 620 Financing activities Accrued taxes and expenses 152 198 Total Current Liabilities 1342 1452 Long-term debt 2020 2100 Common stock 100 100 Additional paid-in capital 600 600 Retained earnings 2140 2530 Total Shareholders' Equity 2840 3230 Total Liabilities and Shareholders' Equity 6202 6782 Notes payable Long-term financing issuances Common stock dividends Cash used for financing activities Cash and equivalents increase (decrease) Cash and equivalents at the beginning of year Cash and equivalents at the end of year Supplemental cash flow disclosures Interest paid Income taxes paid 420 260 380 -20 -80 180 80 76 496