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i need help with this please Income Statement For the Year Ended December 31, 2021 Net sales Cost of goods sold 30,86,00019,60,00011,26,000 Gross profit Expenses:
i need help with this please Income Statement For the Year Ended December 31, 2021 Net sales Cost of goods sold 30,86,00019,60,00011,26,000 Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income \begin{tabular}{rr} 9,87,000 \\ \hline$1,39,000 \\ \hline \hline \end{tabular} VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 Assets Current Assets: B C D 20212020 Assets Current Assets: Cash Accounts receivable Inventory Prepaid rent Long-Term Assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total Assets Liabilities and Stockholders' Equity Current Liabilities: Accounts payable Interest payable Income tax payable Long-Term Liabilities: Notes payable Stockholders' Equity: Common stock VIRTUAL GAMING SYSTEMS Risk Ratios: Receivable turnover ratio Average collection period Inventory turnover ratio Average days in inventory Current ratio Average collection period Inventory tumover ratio Average days in inventory Current ratio Acid test ratio Debt to equity ratio Times interest earned ratio
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