Cost of goods sold $983,095 Cash 141,860 Depreciation 277,530 Interest expense 60,335 Selling & Administrative Expenses 193,340 Accounts payable 100,715 Net fixed assets 1,224,405 Sales 1,928,620 Accounts receivable 100,520 Short-term Notes payable 114,275 Long-term debt 618,035 Inventory 193,530 Intangible Assets 223,450 Wages Payable 21,780 Common Stock 1,750 Additional Paid-In Capital 291,680 Retained Earnings 735,530 Tax Rate (average) 30%