Financial statement analysis The financial statements of Zach Industries for the year ended December 31, 2012, follow. 16,000 Zach Industries Income Statement for the Year Ended December 31, 2012 Salos cercaue $160,000 Les Cost of goods sold -106,000 Geosi profits $ 54.000 Lans: Operating expenses Selling expense Gestcal and administrative expenst 10,000 1.000 Depreciation expense 10.000 Toral operating expense $ 32.000 Operating prufits $ 17,000 Leasi Interest expense 6.100 Net profits before taxes $ 10,900 Less: Taxes 4,360 Net profits after taxes 6-540 Lexic expense Financial statement analysis The financial statements of Zach Industries for the year ended December 31, 2012, follow. 16,000 Zach Industries Income Statement for the Year Ended December 31, 2012 Salos cercaue $160,000 Les Cost of goods sold -106,000 Geosi profits $ 54.000 Lans: Operating expenses Selling expense Gestcal and administrative expenst 10,000 1.000 Depreciation expense 10.000 Toral operating expense $ 32.000 Operating prufits $ 17,000 Leasi Interest expense 6.100 Net profits before taxes $ 10,900 Less: Taxes 4,360 Net profits after taxes 6-540 Lexic expense