Balance Sheet for year 2019 and 2020

		2019	2020
Cash		$3792	$4041
Accounts Receivable		5021	5892
Inventories		8927	9555
Total Current Assets		17740	19488
Net Fixed Assets		31805	33921
Total Assets		49545	53409
Accounts Payable		3984	4025
Notes Payable		732	717
Total Current Liabilities		4716	4742
Long Term Debt		12700	15435
Total Liabilities		17416	20177
Owners equity		32129	33232
Total Liabilities and Equity		49545	53409

Other information:

	2019	2020
Sales	$7233	$8085
Depreciation	1038	1085
Cost of goods sold	2487	2942
Other expenses	591	515
Interest	485	579
Dividends	882	1011

Notes: Assume the tax rate for this company is at 25%.

Based on the information provided, prepare the companys Income Statement for year 2020 by fill-in the blanks to the table given.

Pacific Ocean Income Statement for year 2020
Sales	$
Cost of goods sold	$
Expenses	$
Depreciation	$
Earnings before interest and taxes	$
Interest expense	$
Taxable income	$
Taxes	$
Net Income	$