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How I can Separate data to make Income State and Balance Sheet. 2017 2016 Sales 7,550,000 6,150,000 Cost of Goods 5,750,000 4,550,000 Depreciation 120,000 100,000
How I can Separate data to make "Income State" and "Balance Sheet".
2017 2016 Sales 7,550,000 6,150,000 Cost of Goods 5,750,000 4,550,000 Depreciation 120,000 100,000 Selling and G&A Expenses Fixed Expenses 820,000 730,000 200,000 200,000 Lease Expense 150,000 150,000 Interest Expense 350,000 300,000 40% 40% Tax Rate Shares Outstanding 100,000 80,000 Cash 108,000 50,000 Marketable Securities 100,000 150,000 Accounts Receivable 450,000 350,000 1,250,000 850,000 Inventory Prepaid Expenses Plant & Equipment Accumulated Depreciation 120,000 40,000 5,350,000 4,800,000 410,000 290,000 Long Term Investments 450,000 360,000 Accounts Payable 420,000 380,000 Notes Payable 100,000 150,000 Accrued Expenses 150,000 100,000 Other Current Liabilites 200,000 180,000 2,900,000 2,500,000 Long-term Debt Common Stock 250,000 2,000,000 Addition Paid-in-Capital 600,000 500,000 Retained Earnings 548,000 500,000Step by Step Solution
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