Income Statement UCF Bicycle Vending Machine Company For Period Ending December 31, 201x 1,000,000 750.000 250,000 Revenue Cost of goods sold Gross Profit Expenses: Depreciation Expense Sales, General & Administrative Expenses Total Expenses Operating Income Gain on sale of Equipment Net income 25.000 80.000 105.000 145.000 25.000 170.000 Balance Sheet UCF Bicycle Vending Machine Company December 31, 20% Current Year Prior Year Change Assets Current Assets Cash Accounts Receivable Inventory Long-term Assets Equipment Total Assets 175,000 140.000 330,000 50.000 130,000 300,000 125,000 (10,000) 30.000 450.000 1.095,000 500.000 1,000,000 (50,000) 145.000) 155.000 223.000 25.000 300.000 200.000 50.000 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Deferred Revenue Warranty Payable Long-term Liabilities Long-term Debt** Stockholders Equity Comhion Stock Relamed Earing: Total Liabilities and Stockholders' Equity 300.000 230.000 30.000 150.000 240.000 1.095.000 100.000 100.000 1.000.000 10.000 550 000 of equipment was sold for cash during the year New $50,000 notes payable was signed ui exchange for cash during the year New stock was said dining the year for cash in the mount S$0.000 Dividends paid durma the year equaled 530,000