Oriole Company Income Statement For the Year Ended December 31, 2017 Net sales Cost of goods sold Selling and administrative expenses Interest expense Income tax expense Net income Oriole Company Balance Sheet December 31, 2017 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Eguit Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity abilities and stockholders' equity Tota $2,238,200 1,031,000 919,400 95,500 70,950 121,350 79,800 85,950 183,000 161,600 510,350 593,900 1,104,250 179,700 37,450 217,150 213,200 430,350 368,600 305,300 673,900 $1,104,250