Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable. Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (41,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Year 2 Year 1 $ 218,700 $ 181,900 125,900 102,900 19,800 17,800 10,100 9,100 2,300 2,300 20,300 16,600 178,400 148,700 $ 40,300 $ 33,200 4,200 $ 7,700 1,300 1,300 35,600 30,400 101,100 95,400 4,500 3,500 146,700 138,300 106,300 106,300 21,000 0 $ 274,000 $ 244,600 $ 38,400 $ 34,300 17,000 55,400 15,500 49,800 64,600 65,600 120,000 115,400 114,600 114,600 39,400 154,000 $ 274,000 14,600 129,200 $ 244,600