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Please answer for the ? thanks. Blue Bill Corporation Income Statement For the year ended 20xx 2004 2003 Net sales $4,250,000 $5,175,000 Cost of goods

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Blue Bill Corporation
Income Statement
For the year ended 20xx
2004 2003
Net sales $4,250,000 $5,175,000
Cost of goods sold $2,220,000 $2,605,000
Gross Profit ? ?
Operating Expenses $650,000 $720,000
Other Expenses $120,000 $115,000
Earnings Before Interest and Taxes (EBIT) ? ?
Net interest expenses $0 $15,000
Income Tax Expense ? ?
Net Earnings ? ?
Earnings per share(1,250 shares issued) ? ?
Blue Bill Corporation
Balance Sheet
December 31, 20xx
2004 2003
Current assets
Cash and cash equivalents $500,000 $450,000
Accounts receivable ? ?
Less: Doubtful accounts ? ?
Inventory $2,912,000 $1,980,000
Other current assets $45,000 $50,000
Total current assets ? ?
Net property, plant, and equipment $250,000 $200,000
Other assets $16,000 $15,000
Total assets ? ?
? ?
Current liabilites
Accounts payable $1,000,000 $900,000
Other current liabilities $35,000 $22,000
Long-term debt $900,000 $930,000
Equity ? $1,793,000
Total liabilities and equity ? ?

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