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Balance Sheet 97,000 1,850,000 2,200,000 4,500 6,000 640,000 1,200,000 15,000 14,000 $ 1,869,000 $ 4,257,500 Assets Current Assets Cash Accounts Receivable Inventory Prepaid Expenses Other Total Current Assets Fixed Assets Land Building Less. Accumulated Depreciation Equipment Less: Accumulated Depreciation Total Fixed Assets Other Assets Total Assets 350,000 Liabilities Current Liabilities Accounts Payable Notes Payable Accrued Expenses Advances Total Current Liabilities Long-Term Liabilities Mortgages Other Total Long-Term Liabilities Total Liabilities Owner's Equity Owner-invested Capital: Common Stock Retained Earnings Total Owner Equity Total Liabilities and Owner Equity 1.500,000 75,000 $ $ 1525,000 3,444,000 140,000 225,000 85.000 850,000 675.000 175,000 $ 665,000 16,000 $ 4,938,500 1,044,500 450,000 $ $ 1,494,500 4,938,500 Income Statement Sales: Soybeans Corn Rice Gross Sales Less Returns, Allowances, and Discounts Net Sales $ 6,400,000 2,300,000 1,800,000 $ 10,500,000 85,000 $ 10,415,000 100.00% Cost of Goods Sold: Soybeans Corn Rice Total Cost of Goods Sold Gross Profit (Margin) 5,500,000 2,100,000 1,300,000 8,900,000 $ 1,515,000 85.45% 14.55% Operating Expenses: Salaries Maintenance Utilities Rent Payroll Tax Insurance Office Supply Marketing Misc Total Operating Expenses 350,000 89,000 38,000 98,000 112,000 65,000 15,000 90,000 75,000 932,000 3.36% 0.85% 0.36% 0.94% 1.08% 0.62% 0.14% 0.86% 0.72% 8.95% S S Net Operating Income Other Revenue Interest Expense 583,000 6,000 285,000 5.60% 0.06% 2.74% Net Income Before Taxes Taxes 304,000 92,000 2.92% 0.88% 0.00% 2.04% Net Income After Taxes 212,000