Income Statement Current Yr 1 Yr 2 Revenues Manufacturing Costs $ 16,330,000 $ 6,132,000 Shipping Costs $ 2,044,000 Customer Acquisition Costs $ 3,066,000 EBT $ 5,088,000 Taxes (21%) $ 1,068,480 Net Income $ 4,019,520 Assets Current Assets Long-Term Assets Total Assets Balance Sheet Current Yr 1 Yr 2 4,082,500 8,165,000 12,247,500 Liabilities Accounts Payable Long-Term Debt $ 3,266,000 $ 6,067,836 Common Stock $ 100,000 Accumulated Retained Earnings Total Liabilities and Equity $ 2,813,664 $ 12,247,500 direct third party third party $40 $30 $30 $4 per $6 per dividend payout rate 30% 25% 50% 20%