please show your workings

The comparative financial statements for Prince Company are below: Year 2 Year 1 Income statement Sales revenue $ 198,000 114,000 84,000 56,800 27,200 8,800 $ 18,400 $ 169,000 100,800 Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet: Cash Accounts receivable (net Inventoryy Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (10% interest) Common stock ($5 par value, 6.400 shares outstanding) 68,200 53,400 14,800 4,400 S 10,400 $ 7400 18.400 35,600 38,800 $4,800 14,400 40,800 46.200 $106,200 $ 16,400 45,400 32,000 12,400 $ 106,200 S 17400 45.400 32.000 5,400 $ 100.200 Retained earnings Total liabilities and stockholders equity