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Draw up an income statement and balance sheet for this company for 2011 and 2012. 2011 2012 Sales $ 7,835 $ 8,409 Depreciation 1,125 1,126

Draw up an income statement and balance sheet for this company for 2011 and 2012. 2011 2012 Sales $ 7,835 $ 8,409 Depreciation 1,125 1,126 Cost of goods sold 2,696 3,060 Other expenses 639 534 Interest 525 603 Cash 4,109 5,203 Accounts receivable 5,439 6,127 Short-term notes payable 794 746 Long-term debt 13,460 16,050 Net fixed assets 34,455 35,277 Accounts payable 4,316 4,185 Inventory 9,670 9,938 Dividends 956 1,051

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