Sales Cost of goods sold Gross profit Gen'l & admin expense Selling & mkt expense Depreciation Operating income Interest Income before taxes Income taxes (27%) Net income Dividends paid 2017 $1,241,000 $684,000 $557,000 $155,000 $134,000 $25,000 $243,000 $140,000 $103,000 $27,810 $75,190 $25,000 2017 $24,000 $125,000 $201,000 $350,000 $700,000 $313,000 $387,000 $737,000 2016 $9,810 $113,000 $217,000 $339,810 $475,000 $288,000 $187,000 $526,810 Assets Cash Accounts receivable Inventory Total current assets Gross plant and equipment Less: accum. depreciation Net plant and equipment Total assets Liabilities Accounts payable Notes payable Total current liabilities Long-term debt Total liabilities Common stock ($0.01 par) Paid-in capital Retained earnings Total stockholders' equity Total liabilities and equity $116,000 $26,000 $142,000 $244,000 $386,000 $4,500 $230,500 $116,000 $351,000 $737,000 $102,000 $26,000 $128,000 $149,000 $277,000 $4,000 $180,000 $65,810 $249,810 $526,810 Statement of Cash Flows Statement of Cash Flows 2017