Obtain the most recent annual report (or 10-K report) for the year ended 12/31/2022 (filed 2/22/2023) for Boston Beer Co Inc. The easiest way is to use the EDGAR search tools on the SEC.govLinks to an external site. website. On the top right-hand side of the SEC home page, you You will see "Search Sec.gov" box." Type Boston Beer's ticker symbol SAM in the box. Select the 10-K (annual reports) and 10-Q (quarterly reports) link. Then select the February 22, 2023 - 10-K: Annual Report for the year ending December 31, 2022. Then scroll down the page and select Item 8. Financial Statements and Supplementary Data. After browsing the page, respond to the following questions:

1. Look at the Income Statement. What was the Boston Beer's net income for the current year? Did their income increase or decrease from the previous year? By how much? (Be sure to indicate all amounts "in thousands" or add three zeros to each number and please indicate exactly where you found the information. (e.g., Financial Statements -> Balance Sheet -> Total Assets line.)

2. Using the numbers from their latest Balance Sheet (and information learned in Ch 1), write out Boston Beer's basic accounting equation (total assets = total liabilities + total stockholders' equity) using the numbers from the 10-K report. (Be sure to indicate all amounts "in thousands" or add three zeros to each number and please indicate exactly where you found the information. (e.g., Financial Statements -> Balance Sheet -> Total Assets line.)