Inco Stat 2017 Sales Cost of Goods Sold Depreciation Experte Gross Profit Selling and Ministrative penses ERLE Interest Tere To $9,300,000 5,750,000 550.00 33,000,000 2,200,000 +380,000 200,00 $ 60,000 tet $225,000 that the Manufacturing parative alones Sheet 2011 Cash $50,000 $60,000 Account Merle 57.000 60,000 Teventer 330.000 0.000 Total Current Acts $1,150,000 $1,100,000 Find Assets 2,0,000 1,000 Total Asit 59,200,000 $2,500,000 Accounts Payable $10,000 $300,000 Bank Loans 10,000 100,000 Total Current Liabilities $100,000,000 Long terende 1.500.000 1,000,000 Total Liabilities 52,100,000 $1,700,000 costo 200,000 shares) 300,000 200,000 Betalnded tarni 700,000 600.00 Totality 100,000 $300,000 Total Liabilities and Futy 5,200,000 $3,500,000 Note: The common the reading is the stock market foc 515 share Fete to ancial statements at Fiathead Lake Mandung Company. The evento turnoverato numbers the balance bets for the beginning and end of the year must be averaged Pepind that we both come statement and balance Income Statement Sales cost of Goods Sold Depreciation Expense Grous Profit Selling and Aministrative Expenses ET Interest Expense Income before Tax TE Inco $9,300,000 5,750,000 550.000 $5.000.000 2.200,00 $100,00 200,000 $ 600,000 375.000 $ 225,000 Flathead Lake Manufacturing Comparative Balance sheets 2017 2016 Cash $50,000 $20,000 Accounts Receivable 570,000 600,000 Inventory 530,000 460,000 Total Current Assets $1,150,000 $1,100,000 Fixed Assets 2.050.000 1.000.000 Total Assets $3,200,000 $2,500,000 Accounts Payable $ 320,000 $300,000 Bank Loan 450.000 400,000 Tutal Current Liabilities $100,000 $700,000 Logiter Bonds 1.500.000 1.000.000 Total Liabilities $2,200,000 $1,700,000 Com Stock (200,000 shares) 200.000 200,000 Matinded Fanning 700,000 680, Total fruity $ 900.000 100.000 Total Liabilities and Edity $3.200,000 $2,500,000 The common thres are trading in the stock market for 55 per share Refer to the ancial statement of Fad Lake Manuladung Comarty. The fum intorno numbers. The balance sheet numbers for the beginning and end of the year must be averaged) pundu warto both come statement and balance sheet