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Exterior Play Inc.

Income Statement

For Years Ended December $31,2017$ and $2016$

Increase

$($Decrease $)$ in $2017$

$20172016$ Amount Percent

Net sales $$2,486,000$ $ $2,075,000$ $ $411,00019\mathrm{.}8\%$ Calculated

Cost of goods sold $1,523,0001,222,000301,000$

Gross Profit from sales $963,000853,000110,00012\mathrm{.}9\%$

Operating expenses

Advertising expense $$145,000$ $$100,0000\mathrm{.}0\%$

Sales salaries expense $240,000280,0000\mathrm{.}0\%$

Office salaries expense $165,000200,0000\mathrm{.}0\%$

Insurance expense $100,00045,0000\mathrm{.}0\%$

Supplies expense $26,00035,0000\mathrm{.}0\%$

Depreciation expense $85,00075,0000\mathrm{.}0\%$

Other operating expense $17,00015,0000\mathrm{.}0\%$

Total operating expenses $778,000750,00000\mathrm{.}0\%$

Operating profit $185,000103,0000\mathrm{.}0\%$

Less interest expense $44,00046,0000\mathrm{.}0\%$

Profit before taxes $141,00057,0000\mathrm{.}0\%$

Income taxes $47,00019,0000\mathrm{.}0\%$

Profit $94,00038,00000\mathrm{.}0\%$

Earnings per share $ $0\mathrm{.}99$ $ $0\mathrm{.}40$ $ $0\mathrm{.}59147\mathrm{.}5\%$

Exterior Play Inc.

Balance Sheet

For Year Ended December $31,2017$

Common Size

Percentages

$2017201620172016$

Assets

Current Assets

Cash $79,00042,0004\mathrm{.}7\%2\mathrm{.}5\%$ Calculated

Investments $65,00096,000$

Accounts receivable $($net$)120,000100,000$

Inventory $250,000265,000$

Total Current assets $514,000503,0004\mathrm{.}7\%2\mathrm{.}5\%$

Property, plant and equipment: $($PPE$)$

Land $100,000100,000$

Store equipment $($net$)400,000350,000$

Office equipment $($net$)45,00050,000$

Buildings $($net$)625,000675,000$

Total property, plan, & equipment $1,170,0001,175,000$

Total assets $1,684,0001,678,0005\%3\%$

Liabilities

Current liabilities

Accounts payable $164,000190,000$

Current notes payable $75,00090,000$

Taxes payable $26,00012,000$

Total current liabilities $265,000292,0000\mathrm{.}0\%0\mathrm{.}0\%$

Non$-$current liabilities

Notes payable $400,000420,000$

Total liabilities $665,000712,0000\mathrm{.}0\%0\mathrm{.}0\%$

Equity

Contributed capital

Common shares $475,000475,00028\mathrm{.}2\%28\mathrm{.}3\%$

Retained earnings $544,000491,00032\mathrm{.}3\%29\mathrm{.}3\%$

Total equity $1,019,000966,00060\mathrm{.}5\%57\mathrm{.}6\%$

Total liabilities and equity $1,684,0001,678,00061\%58\%$