FY21 Income Statement FY21 Sales $24,425,098 Cost of Goods Sold $19,295,827 Other Expenses $2,686,761 Depreciation $977,004 Taxable Income $1,465,506 Taxes (21%) $307,756 Net Income $1,157,750 Dividends $500,000 Add to Retained Earnings $657,750 FY21 Balance Sheet FY21 FY21 Current Assets Current Liabilities Cash $671,255 Accounts Payable $971,255 Accounts Receivable $721,255 Notes Payable $1,442,510 Inventory $961,673 Total Current Liabilities $2,413,765 Total Current Assets $2,354,183 Long-Term Debt $3,300,000 EFN Fixed Assets Net Plant & Equipment $8,808,366 Shareholder Equity Common Stock $600,000 Retained Earnings $4,848,784 Total Equity $5,448,784 Total Assets $11,162,549