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Condensed balance sheet and income statement data for Jernigan Corporation are presented here. JERNIGAN CORPORATION Balance Sheets December 31 2014 2013 2012 Cash $ 31,485

Condensed balance sheet and income statement data for Jernigan Corporation are presented here.

JERNIGAN CORPORATION Balance Sheets December 31
2014
2013
2012
Cash
$ 31,485
$ 21,485
$ 19,485
Accounts receivable (net)
51,485
46,485
49,485
Other current assets
94,200
99,200
68,200
Investments
59,200
74,200
49,200
Plant and equipment (net)
500,000
370,000
358,000
$736,370
$611,370
$544,370
Current liabilities
$ 86,485
$ 81,485
$ 71,485
Long-term debt
149,200
89,200
54,200
Common stock, $10 par
324,200
314,200
304,200
Retained earnings
176,485
126,485
114,485
$736,370
$611,370
$544,370

JERNIGAN CORPORATION Income Statements For the Years Ended December 31
2014
2013
Sales revenue
$744,200
$604,200
Less: Sales returns and allowances
41,485
31,485
Net sales
702,715
572,715
Cost of goods sold
429,200
354,200
Gross profit
273,515
218,515
Operating expenses (including income taxes)
181,485
151,485
Net income
$ 92,030
$ 67,030

Additional information:

1. The market price of Jernigan

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