Income Statement Sales Cost of goods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income Taxes Net income 2017 $ 5,770,000 3,055, 000 303, 500 1,625,000 $ 786,500 176,000 $ 610,500 278, 500 $ 332,000 2017 2016 $ 40, 500 586,000 435, 100 $1,061, 600 2,805, 000 $3,866, 600 $ 98,000 1,700,200 1, 182, 700 $2,980, 900 6,990,000 $9,970, 900 Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Short-term debt Total current liabilities Long term bonds Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 311,200 506, 000 $ 817,200 1, 706, 300 $2,523, 500 $ 314, 300 1,028, 800 $ 1,343, 100 $3,866, 600 $1,218,000 1, 497, 300 $2,715, 300 5,984, 500 $8,699, 800 $ 314, 300 956, 800 $1,271, 100 $9,970, 900 C. Cash flow from operating activities in 2017 j. Compound leverage ratio k. Net cash provided by operating activities