FASHION DRESS SHOPS, INC Balance Sheets Current Assets: Cash ASSETS Accounts receivable,--net Merchandise inventory Prepaid costs Total current assets Long-term investments Land, buildings, and fixtures Less: Accumulated depreciation Total assets Current liabilities: Accounts payable Accrued liabilities Dividends payable Total current liabilities Note payable due 201x Stockholders' equity Equities 2014 "December 31" 2013 2012 S 300,000 5 200,000 $ 150,000 840,000 580,000 440,000 660,000 420,000 380,000 100,000 50,000 20,000 1.900.000 1.250.000 990,000 80.000 0 Q 1,130,000 600,000 500,000 110,000 50,000 40.000 1.020.000 550,000 460,000 5. 3.000.000 1.800.000 1,450,000 $ $30,000 440,000 $ 230,000 140,000 130,000 120,000 170,000 740,000 570,000 350,000 500,000 0 Common stock Retained earnings 1,200,000 900,000 800,000 560,000 330,000 300,000 1,760,000 1,230,000 1,100,000 Total liabilities and stockholders' equity S 3,000,000 S 1,800,000 1,450,000 DEBBIE DRESS SHOPS, INC. Income Statements Year December Ended 31 2014 2013 2012 Net credit sales $ 6,400,000 $ 4,000,000 $ Cost of goods sold 5,000,000 3,200,000 Gross profit 1,400,000 800,000 Other costs (including income taxes) 1,000,000 520,000 Net income 400.000 S 280,000 3,500,000 3,100,000 400,000 300,000 100.000