FY23 Income Statement FY23 Sales $25,189,033 Cost of Goods Sold $19,899,336 Other Expenses $2,770,794 Depreciation $1,007,561 Taxable Income $1,511,342 Taxes (21%) $317,382 Net Income $1,193,960 Dividends $500,000 Add to Retained Earnings $693,960 FY23 Balance Sheet FY23 FY23 Current Assets Current Liabilities Cash $709,452 Accounts Payable $1,009,452 Accounts Receivable $759,452 Notes Payable $1,518,903 Inventory $1,012,602 Total Current Liabilities $2,528,355 Total Current Assets $2,481,506 Long-Term Debt $3,500,000 EFN Fixed Assets Net Plant