Balance sheet

As of December $31$

ASSETS

Cash

Accounts receivable

Inventory

Net plant and equipment

Total assets

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable

Accrued expenses

Long$-$term debt

common stock

Paid$-$in capital

Retained earnings

Total liabilities and stockholders' equity

MEGAFRAME COMPUTER COMPANY

Income statement

For the year ended December $31$

Sales $($a$1$l on credit$)$

cost of goods sold

Gross profit

Sales and administrative expenses

Depreciation

operating profit

Interest expense

Profit before taxes

Taxes $(30\%)$

Net income

$\backslash$table$[[\backslash$table$[[875,000],[600,600]]],[\backslash$table$[[275,000],[30,060]]],[\backslash$table$[[55,060],[190,060],[25,000]]],[\backslash$table$[[165,060],[49,500]]],[$$$115,560$