Cash, Bucks & Dough, Co. Comparative Balance Sheet December 31 Cash, Bucks & Dough, Co. Income Statement For the Year ended December 31, 2021 2021 2020 Sales revenue $265,000 Assets Cost of goods sold 70,000 Cash $75,300 $46,600 Gross profit 195,000 Accounts Receivable 27,000 21,500 Operating expenses 60,000 Inventory 47,000 45,400 Income from before gain and taxes 135,000 Property, plant & equipment, net 294,400 199,000 Loss on sale of equipment 10,000 Total Assets $443,700 $312,500 Income tax expense 17,000 Net income $108,000 Liabilities and Stockholders' Equity Accounts payable $23,800 $27,100 Accrued wages payable 26,000 19,100 Accrued utilities payable 22,500 32,700 Bonds payable 51,000 41,000 Total liabilities 123,300 119,900 Common stock 115,000 115,000 Retained earnings 205,400 77,600 Total Stockholders' Equity 320,400 192,600 Total Liabilities and Stockholders' Equity $443,700 $312,500 Additional data: 1. Depreciation expense of $8,900 is included in the Operating Expenses on the Income Statement. 2. Equipment was sold for $5,500 cash. The loss on this sale is recorded on the Income Statement. 3. During 2021, the company purchased a building for cash at a cost of $91,000 4. The company declared and paid dividends of $9,000 during the year. Free Cash Flow: Cash, Bucks & Dough, Co. Statement of Cash Flows For the year ended December 31, 2021 L F G H In order to get full points for this project 18 Rows in blue should accurately reflect financial content worth 1 point each. Cells in green on the template should utilize formulas worth 1 point each. 6Cells in yellow show the proper format and order of the statement worth 1 point each. 3Cells in orange provides a correct response to the analysis question 36 Total Points available