Income Statement For the year ended December 31, 2013 Sales revenue $1,070,000 1 Total revenue 1,087,000 700,000 Cost of goods sold Operating expenses Depreciation expense Interest expense Wages expenses Other expenses $30,000 7,400 175,000 16,000 228 400 158,600 63,400 $95,200 Income before taxes Tax expense Net income Cook Enterprises Comparative Balance Sheet As of December 31 2013 2012 Cash Accounts receivable, net Inventory $124,200 287,200 125,000 536,400 297,000 $40,400 269,800 95,000 405,200 160,000 Total current assets Property, plant & equipment Accumulated depreciation 100,0) $505200 Net property, plant & equipment 207.000 S743400 Total assets 150,000 17,600 70,400 238,000 350,000 155,400 175,000 20,000 0 195,000 250,000 60,200 310,200 $505200 Accounts payable Taxes payable Mortgage payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities&stockholders' equitv $743 400