Selected information from the comparative financial statements of Carla Vista Company for the year ended December...

Transcribed Image Text:

Selected information from the comparative financial statements of Carla Vista Company for the year ended December 31 appears below: 2021 2020 Accounts receivable (net) $184,000 $209,000 Inventory 139,000 179,000 Total assets 1,109,000 809,000 Current liabilities Long-term debt 149,000 119,000 419,000 309,000 Net credit sales 1,021,800 709,000 Cost of goods sold 715,500 539,000 Interest expense 49,000 34,000 Income tax expense 69,000 38,000 Net income 171.100 94,000 Selected information from the comparative financial statements of Carla Vista Company for the year ended December 31 appears below: 2021 2020 Accounts receivable (net) $184,000 $209,000 Inventory 139,000 179,000 Total assets 1,109,000 809,000 Current liabilities Long-term debt 149,000 119,000 419,000 309,000 Net credit sales 1,021,800 709,000 Cost of goods sold 715,500 539,000 Interest expense 49,000 34,000 Income tax expense 69,000 38,000 Net income 171.100 94,000