For the Years

Year $1$ Year $2$

Income Statements

Revenues $ $760,000$ $ $837,400$

Operating expenses $595,000652,600$

Income from continuing operations $165,000184,800$

$*$Infrequent item$$lottery win $74,200$

Net income $ $165,000$ $ $259,000$

Balance Sheets

Assets $ $1,113,000$ $ $1,113,000$

Liabilities $ $259,000$ $ $0$

Stockholders$$ equity:

Common stock $475,000475,000$

Retained earnings $379,000638,000$

Total liabilities and stockholders$$ equity $ $1,113,000$ $ $1,113,000\backslash$table$[[$MACHINE IMPORT COMPANY$],[$Balance Sheet$],[$As of December $31,$ Year $3],[$Assets$,,,$$$1,113,000$ox$],[$Liabilities$,,,259,000$ox$],[$Stockholders$\text{'}$equity$],[$Common stock,$\backslash$theta $,$$$475,000,],[$Retained earnings,$0,860,382$x$,],[$Total stockholders' equity,,,$\backslash$table$[[1,335,382]]],[$Total liabilities and stockh,,,$$1,594,382]]$