M&M Associates Balance Sheet December 31, 2012 Cash Accounts Receivable Inventories Current Assets Gross Fixed Assets Accumulated Depreciation 50000 Accounts Payable 40000 Notes Payable 30000 Long Term Debt 120000 Total Debt 240000 Common Stock 120000 Retained Earnings 120000 Total OE 240000 Total L &OE 32000 28000 60000 120000 50000 70000 120000 240000 Net Fixed Assets Total Assets M&M Associates Income Statement Year Ending December 31, 2010 Sales Cost of Goods Sold Operating Expenses Depreciation EBIT Interest EBT Taxes (35%) Net Income Dividends Stock Price Shares 960000 576000 240000 30000 114000 6000 108000 37800 70200 42120 60 48000