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TABLE 3.1 Financial Statements for R&E Supplies, Incorporated, December 31, 2018-2021 ($ thousands) Income Statements Net sales Cost of goods sold Gross profit Expenses: General,
TABLE 3.1 Financial Statements for R&E Supplies, Incorporated, December 31, 2018-2021 ($ thousands) Income Statements Net sales Cost of goods sold Gross profit Expenses: General, selling, and administrative expenses Net interest expense Earnings before tax Tax Earnings after tax Assets Current assets: Cash and securities Accounts receivable Inventories Prepaid expenses Total current assets Net fixed assets Total assets Liabilities and Owner's Equity Current liabilities: Bank loan Accounts payable Current portion long-term debt Accrued wages Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and owner's equity Balance Sheets 2018 $ 11,190 "9,400 1,790 1,198 100 492 123 $369 $671 1,343 1,119 14 3,147 "128 $ 3,275 $ 50 1,007 60 5 1,122 960 150 "1,043 $ 3,275 2019 $ 13,764 "11,699 2,065 1,431 103 531 133 $ 398 $551 1,789 1,376 12 3,728 "124 $ 3,852 $ 50 1,443 50 7 1,550 910 150 "1,242 $ 3,852 2020 $ 16,104 "13,688 2,416 1,795 110 511 128 $ 383 $ 644 2,094 1,932 15 4,685 "295 $ 4,980 $ 50 2,426 50 10 2,536 860 150 "1,434 $ 4,980 2021* $ 20,613 "17,727 2,886 2,408 90 388 97 $291 $ 412 2,886 2,267 18 5,583 "287 $5,870 $ 50 3,212 100 18 3,380 760 150 "1,580 $ 5,870
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