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\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{WinterParkWebDesignIncomeStatementsFortheYears2015and2016} \\ \hline & 2016 & 2015 \\ \hline Sales & 280,419 & 225,000 \\ \hline Cost of Goods Sold & 154,229 & 123,750 \\ \hline Gross Profit & 126,191 & 101,250 \\ \hline Depreciation Expense & 5,295 & 4,646 \\ \hline Selling \& Admin Expense & 825 & 720 \\ \hline Net Operating Income & 120,071 & 95,884 \\ \hline Interest Expense & 1,020 & 810 \\ \hline Earnings Before Taxes & 119,051 & 95,074 \\ \hline Taxes & 44,049 & 33,276 \\ \hline Net Income & 75,002 & 61,798 \\ \hline \multicolumn{3}{|l|}{ Notes: } \\ \hline Tax Rate & 37.0% & 35.0% \\ \hline Shares Outstanding & & 7,500 \\ \hline Earnings per Share & & $8.24 \\ \hline Dividends per Share & $6.00 & $5.00 \\ \hline Addition to RE per Share & & $3.24 \\ \hline a. & Fillinthebluehighusingreferenceswh & lightedcells,herepossible. \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{WinterParkWebDesignBalanceSheetsFortheYears2015and2016} \\ \hline & \multicolumn{3}{|c|}{2016} & 2015 \\ \hline Cash & $ & 15,225 & $ & 11,250 \\ \hline Accounts receivable & & 18,756 & & 16,500 \\ \hline Inventories & & & & 18,756 \\ \hline Total Current Assets & & & & 46,506 \\ \hline Gross fixed assets & & 43,530 & & 13,275 \\ \hline Accumulated depreciation & & 10,845 & & 5,550 \\ \hline Net Fixed Assets & & 32,685 & & 7,725 \\ \hline Total assets & & 32,685 & & 54,231 \\ \hline Accounts payable & $ & 12,302 & $ & 10,277 \\ \hline Notes payable & & & & 4,500 \\ \hline Total Current Liabilities & & & & 14,777 \\ \hline Long-term debt & & 10,673 & F & 8,423 \\ \hline Total Liabilities & & 10,673 & & 23,199 \\ \hline Common stock & & 7,500 & & 7,500 \\ \hline Additional paid in capital & & & & 750 \\ \hline Retained earnings & & & & 15,351 \\ \hline Total Equity & & & & \\ \hline Total Liabilities \& Equity & & & & \\ \hline Notes: & & & & \\ \hline Shares Outstanding & & & & 7,500 \\ \hline \end{tabular}