CONSOLIDATED INCOME STATEMENT 12 Months Ended Dec. 31, 2022 $620,000 Sales Revenue Cost of Goods Sold (400,000) Depreciation Expense (26,837) Bad Debt Expense (18,000) Interest Expense (23,000) Amortization of Right-of-use Asset (15,163) Amortization of Intangibles (10,000) Other Operating Expenses (85,000) Gain on Sale of Short-term Investments 3,000 Gain on Equipment Sale 7,000 Gain on Bond Retirement 20,000 Investment Income 30,000 Income Tax Expense (25,000) Net Income $ 77,000 12 Months Ended CONSOLIDATED BALANCE SHEET Dec. 31, Dec. 31, 2022 2021 ASSETS Cash and Cash Equivalents Investment, short-term $ 59,582 $ 55,000 5,000 8,000 Accounts Receivable 75,000 50,000 Allowance for Uncollectible Accounts (3,000) (2,000) Inventory Prepaid Insurance 40,000 120,000 30,000 20,000 Long-term Investments 45,000 40,000 Land 350,000 250,000 Equipment 130,000 100,000 60,653 (64,837) (50,000) 35,000 45,000 Right-of-use Asset Accumulated Depreciation, equipment Intangible Assets, net TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Income Taxes Payable Dividends Payable Lease Liability, long-term Deferred Tax Liability Mortgage Payable Notes Payable $ 762,398 $ 636,000 $ 70,000 $ 40,000 8,000 5,000 12,000 6,000 63,398 25,000 20,000 80,000 100,000 180,000 (12,000) 300,000 104,000 300,000 97,000 Bonds Payable Unamortized Bond Discount Common Stock Retained Earings TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 762,398 $ 636,000