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Excerpts from Hulkster Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable $ 64,000 $ 48,000 Merchandise inventory

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Excerpts from Hulkster Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable $ 64,000 $ 48,000 Merchandise inventory 40,000 59,000 Net sales 235,200 229,000 Cost of goods sold 138,000 120,000 Total assets 449,000 417,000 Total shareholders' equity 264,000 237,000 Net income 50,500 40,000

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