The comparative statements of Osborne Company are presented here.

OSBORNE COMPANY Income Statements For the Years Ended December 31
		2014		2013
Net sales		$1,892,000		$1,751,960
Cost of goods sold		1,060,000		1,007,460
Gross profit		832,000		744,500
Selling and administrative expenses		501,460		480,460
Income from operations		330,540		264,040
Other expenses and losses
Interest expense		24,014		22,014
Income before income taxes		306,526		242,026
Income tax expense		94,014		75,014
Net income		$ 212,512		$ 167,012

OSBORNE COMPANY Balance Sheets December 31
Assets		2014		2013
Current assets
Cash		$ 60,100		$ 64,200
Debt investments (short-term)		74,000		50,000
Accounts receivable		119,260		104,260
Inventory		128,014		117,514
Total current assets		381,374		335,974
Plant assets (net)		659,989		531,289
Total assets		$1,041,363		$867,263
Liabilities and Stockholders