Revenues Year 2 $ 219,500 Year 1 $ 180,800 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 (43,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 124,600 101,300 19,700 17,700 10,500 9,500 1,900 1,900 20,700 16,800 177,400 147,200 $ 42,100 $ 33,600 4,800 $ 6,800 2,300 2,300 35,200 32,000 102,000 94,400 3,300 2,300 147,600 137,800 105,100 20,700 $ 273,400 105,100 0 $ 242,900 $ 38,300 $ 35,700 16,600 16,800 54,900 52,500 64,200 65,200 119,100 117,700 114,900 114,900 39,400 154,300 10,300 125,200 $ 242,900 $ 273,400