FY$23$ Income Statement

FY$23$

Sales

$$24,736,153$

Cost of Goods Sold

$$19,541,561$

Other Expenses

$$2,720,977$

Depreciation

$$989,446$

Taxable Income

$$1,484,169$

Taxes $(21\%)$

$$311,675$

Net Income

$$1,172,494$

Dividends

$$500,000$

Add to Retained Earnings

$$672,494$

FY$23$ Balance Sheet

FY$23$

FY$23$

Current Assets

Current Liabilities

Cash

$$686,808$

Accounts Payable

$$986,808$

Accounts Receivable

$$736,808$

Notes Payable

$$1,473,615$

Inventory

$$982,410$

Total Current Liabilities

$$2,460,423$

Total Current Assets

$$2,406,026$

Long$-$Term Debt

$$3,400,000$

EFN

Fixed Assets

Net Plant & Equipment

$$8,912,051$

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