Income Statement (In Thousands) Sales Operating costs 2017 $30,000.00 2016 $25,000.00 -$18,000.00 -$15.000.00 EBITDA $12,000.00 $10,000.00 Depreciation -$1,200.00 -$1.000.00 Earnings before interest and taxes $10,800.00 $9,000.00 Interest (8%) -$200.00 -$160.00 Earnings before taxes $10,600.00 $8,840.00 Taxes (40%) Net income Common dividends Balance Sheet (In Thousands) Assets: Cash and marketable securities Accounts receivable Inventories -$4,240,00 -$3.536.00 $6.360.00 $5.304.00 $3,110.00 $2,652.00 2017 2016 $1,600.00 $1,000.00 $6,150.00 $5,000.00 $8,000.00 $6.000.00 Total current assets $15,750.00 $12,000.00 Net fixed assets (PP&E) $12,000.00 $10,000.00 Total assets $27,750.00 $22,000.00 Liabilities and equity: Accounts payable $6,500.00 $6,000.00 Notes payable $1,500.00 $1,000.00 Accruals $4,500.00 $3.000.00 Total current liabilities $12,500.00 $10,000.00 Long-term bonds $1,000.00 $1.000.00 Total liabilities $13,500.00 $11,000.00 Common stock (2 million shares) $6,000.00 $6,000.00 Retained earnings $8.250.00 $5.000.00 Total common equity $14.250.00 $11.000.00 Total liabilities and equity $27.750.00 $22.000.00