Giving the following information:
BUS 5110 Written Assignment 7 Financials Revenue Credit Sales NonCredit Sales Total Revenue Cost of Sales Gross Prot Operating Expenses Research and Development Selling, General, and Administrative Total Operating Expenses Earnings Before Interest and Taxes Interest Expense Income Before Tax Income Tax Expense Net Income Income Statements Fashion Forward Dream Designs 12/31/2018 12/31/ 2018 2,000,000 4,320,000 500,000 1,080,000 2,500,000 5,400,000 1,400,000 3,250,000 1, 100,000 2,150,000 50,000 200,000 750,000 1,600,000 800,000 1,800,000 300,000 350,000 (18,000) (50,000) 282,000 300,000 (145,500) (87,500) 136,500 212,500 Current Assets Cash and Cash Equivalents Accounts Receivable Inventory Other Current Assets Total Current Assets Property, Plant and Equipment Goodwill Other Long-Term Assets Total Assets Current Liab es Accounts Payable Short-Term Debt other Current Liabilities Total Current Liabilities Long-Term Debt other Long-Term Liabilities Total Liabilities Stockholders Equity Common Stock Preferred Stock Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders Equity Fashion Forward 12/31/ 2018 950,000 200,000 1 12,000 35,000 1,297,000 635,000 750,000 65,000 2,747,000 545,000 25,000 600,000 1,170,000 75,000 100,000 1,345,000 500,000 150,000 752,000 1,402,000 2,747,000 Balance Sheets Fashion Forward 12/31/2017 980,000 150,000 105,000 50,000 1,285,000 700,000 750,000 70,000 2,805,000 535,000 5 10,000 1,045,000 75,000 1,120,000 775,000 294,500 615,500 1,685,000 2,805,000 Dream Designs 12/ 31/2018 1,710,000 250,000 200,000 120,500 2,280,500 850,000 1,150,000 100,750 4,381,250 845,750 50,000 730,000 1,625,750 120,500 155,000 1,901,250 749,500 390,000 1,340,500 2,480,000 4,381,250 Dream Designs 12/31/2017 1,705,000 275,000 215,000 100,000 2,295,000 900,000 1, 150,000 105,000 4,450,000 875,000 60,000 740,000 1,675,000 130,000 165,000 1,970,000 942,750 409,250 1, 128,000 2,480,000 4,450,000