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Item Prior year Current year Accounts payable 8,200.00 7,877.00 Accounts receivable 6,079.00 6,568.00 Accruals 966.00 1,620.00 Cash ??? ??? Common Stock 11,962.00 11,240.00 COGS 12,739.00

Item Prior year Current year
Accounts payable 8,200.00 7,877.00
Accounts receivable 6,079.00 6,568.00
Accruals 966.00 1,620.00
Cash ??? ???
Common Stock 11,962.00 11,240.00
COGS 12,739.00 18,302.00
Current portion long-term debt 4,935.00 5,038.00
Depreciation expense 2,500 2,804.00
Interest expense 733 417
Inventories 4,172.00 4,781.00
Long-term debt 14,441.00 13,820.00
Net fixed assets 50,869.00 54,710.00
Notes payable 4,307.00 9,802.00
Operating expenses (excl. depr.) 13,977 18,172
Retained earnings 28,091.00 29,307.00
Sales 35,119 46,541.00
Taxes 2,084 2,775

What is the firm's net income in the current year?

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