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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $18,000 Current assets $38,814 Debt $38,254 Costs 10,800 Fixed
The most recent financial statements for Live Co. are shown here:
Income Statement | Balance Sheet | ||||
Sales | $18,000 | Current assets | $38,814 | Debt | $38,254 |
Costs | 10,800 | Fixed assets | 27,160 | Equity | 27,720 |
Taxable income | $7,200 | Total | $65,974 | Total | $65,974 |
Taxes (35%) | 2,520 | ||||
Net Income $4689
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