Balance Sheet Income Statement 12/31/22 12/31/21 12/31/22 12/31/21 2022 Cash 45 42 Accounts Payable 142 .26 Sales 788 Accounts Receivable 120 106 Salaries Payable 8 COGS 426 Inventory 134 122 Taxes Payable 5 6 = Gross Profit 362 Prepaid Expenses 12 16 Other Payables 9 12 -Salary & Comm Expense 116 Current Assets 311 286 Current Liabilities 160 152 - Rent Expense 91 Long Term Debt 96 98 - SG&A Expenses 86 Marketable Securities 30 28 Total Liabilities 256 250 -Depreciation Expense 4 Property, Plant, Equipmt 226 220 Amortization Expense Accumulated Dep'n (90) (86 ) Common Stock 50 50 - Gain/Loss on PPE Disposal Intangibles 19 20 Treasury Stock (6) 0 = Operating Income 64 Goodwill 8 8 Retained Earnings 204 176 -Interest Expense Total Equity 248 226 = Income Before Taxes 56 - Income Tax Expense TOTAL ASSETS 504 476 TOTAL LIABS & EQUITY 504 476 = Net Income 40 Statement of Change in Owner Equity Statement of Cash Flow 2022 2022 Beginning of Year Common Stock 50 Net Income 40 Issuance of Common Stock 0 Plus: Depreciation 4 End of Year Common Stock 50 Plus: Amortization Changes in Curr Assets & Liabilities: Beginning of Year Treasury Stock 0 Accounts Receivable (14) Sale (Purchase) of Treasury Stock (6) Inventory (12) End of Year Treasury Stock (6) Prepaid Expenses 4 Accounts Payable 16 Beginning of Year Retained Earnings 176 salaries Payable (4) Plus: Net Income 40 Taxes Payable (1) Less: Cash Dividends (12) Other Payables (3) End of Year Retained Earnings 204 Cash From Operating Activity 31 Purchase of Marketable Secs (2) Purchase of Plant, Prop, Equpmt (6) Cash From Investing Activit (8 ) Issuance (Repayment) of LTD (2) Cash Used to Repurchase Stock (6) Cash Used to Pay Dividends (12) Cash From Financing Acitivity (20) Cash at Beginning of Year 42 Cash From All 2022 Activity (31-8-20) 3 Cash at End of Year 45