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Based on the following information of Kelly and Co. prepare an Income Statement for 2000 and Balance Sheet for 2019 & 2020. Use the tax

Based on the following information of Kelly and Co. prepare an Income Statement for 2000 and Balance Sheet for 2019 & 2020. Use the tax rate of 35%. (10 Marks)

2019

2020

Amt. in $

Amt. in $

Sales

3,790

3,990

Cost of Goods Sold

2,043

2,137

Depreciation

975

1,108

Interest

225

267

Dividends

200

225

Current Assets

2,140

2,346

Net Fixed Assets

6,770

7,087

Current Liabilities

994

1,126

Long Term Debt

2,869

2,958

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