Company X

Comparability Financial Statements

Balance Sheet

$20222023$

Cash $1,640,0002,220,000$

Accounts Receivables $788,0001,025,000$

Inventory $163,000212,000$

Marketable Securities $492,000643,000$

Prepayments $334,000435,000$

Investments $521,000687,000$

Equipments $480,000576,000$

Vehicles $675,000810,000$

Copyright $330,000396,000$

Building & Land $1,250,0001,500,000$

Accumulated Depreciation $(330,000)(295,000)$

Accumulated Amortization $(155,000)(102,000)$

Account Payable $282,000210,000$

Accrued Expense $510,000560,000$

Other Liabilities $59,00046,000$

Note Payable $518,000410,000$

Bonds Payables $762,000915,000$

Loans Payable $493,000325,000$

Common Stock $12,000$ shares $345,000472,000$

Preferred Stock $9,500$ shares $285,000321,000$

Additional Paid$-$in Capital $464,000505,000$

Retained Earnings $2,470,0004,343,000$

Revenues $4,290,0005,780,000$

Cost of Goods Sold $(1,876,000)(2,439,000)$

Gross Profit $2,414,0003,341,000$

Operating Expenses $(654,000)(851,000)$

Interest Expenses $(15,000)(19,000)$

Selling and General Expenses $(559,000)(726,000)$

Operating Income $1,186,0001,745,000$

Non$-$Operating Income $335,000415,000$

Pretax Income $1,521,0002,160,000$

Income Tax Expenses $(152,100)(215,000)$

Net Income $1,368,9001,945,000$