Complete the missing COGSs in Figure 5 for the years of 2021-2023 (2023 is forecasted). Assume the historical gross margin for the company has been 50% and is projected to be the same for 2023. Using the data in Figure 5, construct Balance Sheet and Income Statement from 2021-2023. Round items in financial statements to nearest dollar.

	2023	2022	2021
COGS	??	??	??
Cash	$ 108,873	$ 131,393	$ 100,861
Depreciation Expense	$ 11,500	$ 11,500	$ 11,500
Interest Expense	$ -	$ -	$ -
SG&A Expenses	$ 82,412	$ 78,488	$ 74,750
Accounts Payable	$ -	$ -	$ -
Net Fixed Assets	$ 120,750	$ 103,500	$ 115,000
Sales	$ 316,969	$ 301,875	$ 287,500
Accounts Receivable	$ 63,810	$ 49,381	$ 43,125
Inventory	$ 81,538	$ 60,375	$ 57,500
Common Stock Par @ $1	$ 11,500	$ 11,500	$ 11,500
Add'l Paid in Capital	$ 249,780	$ 249,780	$ 249,780
Preferred Equity par @ 100	$ 29,095	$ 29,095	$ 29,095
Retained earnings
Long term Debt	$ -	$ -	$ -