Sales Accumulated depreciation $550,451 190,830 Cost of goods sold Accounts receivable Depreciation expenses Accounts payable Interest expense Short-term notes payable Income taxes Inventories Marketing, general, and administrative expenses Gross fixed assets Long-Term debt Common stock Other assets Retained earnings In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock dividends during the year. 320,199 72,113 37,534 64,800 25,995 29,383 60,203 47,876 45,009 647,671 360,744 120,013 15,368 138,968