The financial statements for Castile Products, Inc., are given below:

A McGraw-Hill Connect X Unit 3 Homework X G the financial statements for castil X C Account Balances At The Beginni X + X C a https:/ewconnect.mheducation.com/flow/connect.html S Unit 3 Homework i Saved Help Save & Exit Submit Check my work 3 Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 18, 000 15 Accounts receivable, net 250, 000 points Merchandise inventory 320, 000 Prepaid expenses 10, 000 Skipped Total current assets 598, 000 Property and equipment, net 900, 000 Total assets $1, 498, 000 eBook Liabilities and Stockholders' Equity Liabilities: Print Current liabilities $ 290,090 Bonds payable, 9% 310, 000 References Total liabilities 600, 090 Stockholders' equity: Common stock, $5 par value $ 190,000 Retained earnings 708, 000 Total stockholders' equity 898, 000 Total liabilities and stockholders' equity $1, 498, 000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $3, 280, 000 Cost of goods sold 1, 485, 000 Gross margin 1, 795, 000 Selling and administrative expenses 620, 090 Net operating income 1, 175, 000 Interest expense 27 , 900 Net income before taxes 1, 147, 100 Income taxes (30%) 344, 130 Net income $ 802,970 Mc Graw Hill ducation O Type here to search N ee 9 w 10:33 PM 6/29/2019 E