Sales Cost of goods sold Gross margin Income Statement Devices | CyberGhost VPN my.cyberghostvpn.com/en_US/.../vpn $ 2,800,000 Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income Pepper Industries Balance Sheet March 31 Current assets: Cash Accounts receivable, net Inventory Total current assets Plant and equipment, net Total assets Liabilities: Current liabilities Bonds payable, 10% Total liabilities Stockholders' equity: Common stock, $2.90 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 43,000 230,000