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The following are the financial statements of Splish Brothers Inc.. Splish Brothers Inc. Comparative Balance Sheets December 31 ts 2019 2018 Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment (29,700) (23,500) $36,400 $20,600 33,000 18,700 29,700 20,000 59,800 77,000 Total $129,200 $112,800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $29,000 $16,200 8,300 27,400 33,000 18,600 14,300 46,700 41,000 $129,200 $112,800 7,500 Total Splish Brothers Inc For the Year Ended December 31, 2019 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes 40,100 Income tax expense Net income $242,900 175,200 67,700 24,100 43,600 3,500 7.700 $32.400 Additional data