In 2022, Pozzby Retail, Inc. sold 44,200 units of its product at an average price of $20.00 per unit. Because the owner, Ms. Aanya Pozzby, is highly risk averse, and also because she does not have the time needed to focus on collections, the company estimated a large allowance for bad debt in 2022 of 7.5 percent of gross revenue. Pozzby Retail, Inc. began 2022 with 8,000 units in inventory, all carried at a cost of $14.00 per unit. The company purchased 46,800 units during 2022 at a cost of $14.00 per unit. Operating expenses (excluding depreciation) for Pozzby Retail, Inc. in 2022 were $75,000 and depreciation expense was $4,000. Pozzby Retail, Inc. had $40,000 in debt outstanding throughout all of 2022. This debt carried an average interest rate of 12.0%. Throughout all of 2022, Pozzby Retail, Inc. maintained an average cash balance of $100,000 in a CD account at its bank (remember, Ms. Pozzby is highly risk averse). This account paid an average interest rate of 3.5%. Pozzby Retail, Inc. purchased a new machine on June 30, 2022 for $24,000. The company paid a dividend in 2022 of $22,320, and Pozzby Retail, Inc. changed its average collection policy in 2022 from net 30 days to net 25 days. Pozzby Retail, Inc. pays an average corporate tax of 30% of profit before taxes (i.e., EBT). Finally, Pozzby Retail, Inc.'s fiscal year runs from January 1 through December 31. Given this information, compute net income for Pozzby Retail, Inc. for 2022.

What is Gross profit on Pozzby Retail, Inc.s 2022 income statement?

What is Operating profit (i.e., EBIT) on Pozzby Retail, Inc.s 2022 income statement?

What is Net income on Pozzby Retail, Inc.s 2022 income statement?

What is Inventory on Pozzby Retail, Inc.s 2022 balance sheet?