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Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales. VIRTUAL GAMING SYSTEMS Income Statements. For the Years Ended
Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales. VIRTUAL GAMING SYSTEMS Income Statements. For the Years Ended December 31 Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense. Income tax expense Total expenses Net income 2025 2024 $3,530,000 $3,056,000 2,484,000 1,954,000 1,046,000 1,102,000 959,000 862,000 34,000 29,000 0 8,400 20,000 17,000 8,400 50,000 1,021,400 966,400 24,600 135,600 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 Land Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Equipment Total assets $207,000 81,000 131,000. $190,000 $148,000 85,000 64,000. 109,000 139,000 14,400 12,400 6,480 109,000 109,000 0 304,000. 214,000 244,000 304,000 274,000 214,000 Less: Accumulated depreciation (109,000) (75,000) (46,000) $1,041,400 $918.4001 $769.48
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