Draw Page Layout Formulas View Tell me isert Data Review * 71 " A A B Wrap Text Custom H Calibri (Body) Insert Delete Format B I U V B V | SA - CE E Merge & Center $ ~ % Conditional Format Cell Formatting as Table Styles B C D E G H L Income Statements Balance Sheets Fashion Forward Dream Designs Fashion Forward Fashion Forward Dream Designs Dream Designs 12/31/18 12/31/18 12/31/18 12/31/17 12/31/18 12/31/17 Revenue Current Assets Credit Sales 2,000,000 4,320,000 Cash and Cash Equivalents 950,000 980,000 1,710,000 1,705,000 Non-Credit Sales 500,000 1,080,000 Accounts Receivable 200,000 150,000 250,000 275,000 Total Revenue 2,500,000 5,400,000 Inventory 112,000 105,000 200,000 215,000 Other Current Assets 35,000 50,000 120,500 100,000 Cost of Sales 1,400,000 3,250,000 Total Current Assets 1,297,000 1,285,000 2,280,500 2,295,000 Gross Profit ,100,000 ,150,000 Property, Plant and Equipment 635,000 700,000 850,000 900,000 Goodwill 750,000 750,000 1,150,000 1,150,000 Operating Expenses Other Long-Term Assets 65,000 70,000 100,750 105,000 Research and Development 50,000 200,000 Total Assets 2,747,000 2,805,000 4,381,250 4,450,000 Selling, General, and Administrative 750,000 1,600,000 Total Operating Expenses 800,000 1,800,000 Current Liabilities Accounts Payable $45,000 535,000 845,750 875,000 Earnings Before Interest and Taxes 300,000 350,000 Short-Term Debt 25,000 50,000 60,000 Other Current Liabilities 600,000 510,000 730,000 740,000 Interest Expense [18,000) (50,000) Total Current Liabilities 1,170,000 1,045,000 1,625,750 1,675,000 Income Before Tax 282,000 300,000 Long-Term Debt 75,000 120,500 130,000 Income Tax Expense (145,500) 87,500) Other Long-Term Liabilities 100,000 75,000 155,000 165,000 Net Income 136,500 212,500 Total Liabilities 1,345,000 1,120,000 1,901,250 1,970,000 Stockholders Equity Common Stock 500,000 775,000 749,500 942,750 Preferred Stock 150,000 294,500 390,000 409,250 Retained Earnings 752,000 615,500 1,340,500 1,128,000 Total Stockholders Equity 1,402,000 1,685,000 2,480,000 2,480,000 Total Liabilities and Stockholders Equity 2,747,000 2,805,000 4,381,250 4,450,000 IS