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begin{tabular}{|l|c|c|} hline Bird Industries, Inc. Balance & & hline multicolumn{1}{|c|}{ Sheets } & hline Cash & 2016 & 2017 hline Accounts Receivable
\begin{tabular}{|l|c|c|} \hline Bird Industries, Inc. Balance & & \\ \hline \multicolumn{1}{|c|}{ Sheets } & \\ \hline Cash & 2016 & 2017 \\ \hline Accounts Receivable & 1,000 & ? \\ \hline Inventories & 5,000 & 6,000 \\ \hline Land & 6,500 & 6,000 \\ \hline Other Fixed Assets & 10,000 & 12,000 \\ \hline Accumulated depreciation & 8,000 & 9,000 \\ \hline Total Assets & (1,000) & (1,600) \\ \hline Accounts Payable & 29,500 & ? \\ \hline Bonds & 3,200 & 6,800 \\ \hline Common Stock & 4,000 & 4,000 \\ \hline Retained Earnings & 17,000 & 16,000 \\ \hline Total Liability and Equity & 5,300 & 5,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline \multicolumn{1}{|c|}{ Bird Industries, Inc. Income Statement (Period ending 12/31/2017)} & \\ \hline Sales & 84,000 \\ \hline Cost of Goods Sold & 66,400 \\ \hline Gross Profit & 17,600 \\ \hline Operating Expenses & (13,000) \\ \hline Depreciation Expense & (600) \\ \hline EBIT & 4,000 \\ \hline Interest Expense & (500) \\ \hline Taxable Income & 3,500 \\ \hline Taxes & (1,500) \\ \hline Net Income & 2,000 \\ \hline \end{tabular}
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