Comparative Balance Sheet

December $31,2012$

${2012}_{?}$

${2011}_{?}$

Assets

Current Assets

Liabilities and Equity

Current Liabilities

Accounts Payable

Long$-$Term Liabilities

Notes Payable

Equity

Common Stock, $$12$ Par

Contributed Capital

Retained Earnings

Total Liabilities and Equity

ABC Corp.

Income Statement

For the Year Ended December $31,2012$

Sales

Cost of Goods Sold

$$1,670,000$

$($$$410,000)$

Gross Profit

$$1,260,000$

Operating Expenses

Depreciation Expense

Other Expenses

$$47,000$

$$365,000$

Total operating expenses

$($$$412,000)$

Other gains $($losses$)$

Loss on Sale of Equipment

$($$$1,500)$

Income before taxes

Income taxes

Required:

Prepare the Statement of Cash Flows.