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Income Statement Balance Sheet Sales $16,400 Current assets $11,200 Debt $13,600 Costs 11,200 Fixed assets 24,300 Equity 21,900 Taxable income $ 5,200 Total $35,500

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Income Statement Balance Sheet Sales $16,400 Current assets $11,200 Debt $13,600 Costs 11,200 Fixed assets 24,300 Equity 21,900 Taxable income $ 5,200 Total $35,500 Total $35,500 Tax (21%) 1,092 Net Income $ 4,108

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