Cash Accounts Receivable Inventory Property, Plant, and Equipment (net) Total Assets Accounts Payable Loans Payable Paid -in Capital Retained Earnings Total Liabilities and Equities Beginning Retained Earnings + Net Income - Dividends Ending Retained Earnings Year 1 10 100 150 300 560 100 300 100 560 35 (15) Income Statement Sales Cost of Goods Sold Gross Prot Depreciation Expense Other Operating Expenses Operating Prot Interest Expense Income before Taxes Income Taxes Net Income 1 ,000 700 300 (15) (135) 100 (30) 70 (30)