COST OF GOODS SOLD DESCRIPTION MATERIALS BEGINNING INVENTORY ADD PURCHASES TOTAL MATERIAL AVAILABLE FOR USE LESS ENDING INVENTORY COST OF MATERIALS USED 175.000,00 1.763.450,00 1.938.450,00 214.250,00 1.724.200,00 DIRECT LABOR FACTORY OVERHEAD TOTAL MANUFACTUIRING COST ADD BEGINNING FINISHED GOODS INVENTORY COST OF GOODS AVAILABLE FOR SALES LESS ENDING FINISHED GOODS INVENTORY COST OF GOODS SOLD 924.710,00 536.500,00 3.185.410,00 103.500,00 3.288.910,00 85.700,00 3.203.210,00 INCOME STATEMENT $ $ 4.550.000,00 3.203.210,00 1.346.790,00 DESCRIPTION SALES COST OF GOODS SOLD GROSS PROFIT COMMERCIAL EXPENSES MARKETING EXPENSES ADMINISTRATOIVE EXPENSES INCOME BEFORE TAX LESS PROVISION INCOME TAXX NET OINCOME 356.790,00 290.000,00 646.790,00 700.000,00 280.000,00 420.000,00 40% BUDGETED BALANCE SHEET $ $ 245.750,00 370.260,00 7.400,00 362.860,00 DESCRIPTION ASSETS CASH ACCOUNTS RECEIVABLE LESS ALLOWENCE FOR DOUBFUL ACCVOUNTS INVENTORIES FINISHES GOODS MATERIALS PLANT AND EQUIPMENT LESS ACCUMULATED DEPRECIATION OTHER ASSETS TOTAL ASSETS 299.950,00 85.700,00 214.250,00 2.604.740,00 418.610,00 2.186.130,00 105.310,00 3.200.000,00 LIABILITY CURRENT LIABILITIES LONG-TERM DEBT COMMON STOCK RETAIN EARNINGS OTHER ASSETS 327.900,00 850.000,00 1.000.000,00 1.022.100,00 3.200.000,00 CASE-5 INCOME STATEMENT DEVELOP INCOME STATEMENT IF GENERAL AND ADMINISTRATION EXPENSES 5% OF ITS SALES AND INCOME TAX RATE IS 25%