Kupac Ltd. Income Statement For the Year Ended December 31, 2023 (Bosnian Convertible Mark BAM) Sales Cost of goods sold Depreciation expense Other expenses Net income Kupac Ltd. Statement of Retained Earnings For the Year Ended December 31, 2023 (Bosnian Convertible Mark BAM) Retained earnings, January 1 2023 Net income Dividends paid Retained earnings, December 31 2023 2,350,000 1,920,000 82,000 212,000 136,000 905,000 136,000 62,000 979,000 Kupac Ltd. Balance Sheets As at December 31, 2023 (Bosnian Convertible Mark BAM) 2023 2022 Cash 251,000 165,000 Accounts receivable 775,000 820,000 Inventory 440,000 430,000 Property, plant, and equipment (net) 933,000 1,015,000 2,399,000 2,430,000 Current liabilities Bonds payable Common shares 305,000 365,000 315,000 360,000 800,000 800,000 Retained earnings 979,000 905,000 2,399,000 2,430,000 Foreign exchange rates during 2023 were as follows: January 1, 2023 BAM 1 December 31, 2023 BAM 1 = Average for last three months of 2022 BAM 1 = CAD CAD 0.7470 CAD 0.8044 0.7912 Average for last three months of 2023 BAM 1 = CAD 0.7360 Average for 2023 BAM 1 = CAD 0.7691 Date when dividends were declared and paid BAM 1 CAD 0.7783