The Sleep Company had the following operating results for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of $63,600 per year and made capital expenditures in both years of $30,000 per year. The company's stock price in 2021 was $8 and $7 in 2022. The industry average earnings multiple for the mattress industry was 9 in 2022 and the free cash flow and sales multiples were 18 and 1.5, respectively. The company is publicly owned and has 1,200,000 shares of outstanding stock at the end of 2022. Cash Balance Sheet, December 31, 2022 2021 $ 352,000 $ 112,000 $ 362,000 $ 412,000 $ 262,000 $ 312,000 $ 976,000 1,200,000 Accounts Receivable Inventory Total Current Assets Long-lived Assets Total Assets Current Liabilities Long-term Debt Shareholder Equity Total Debt and Equity Sales $ 2,176,000 $ 212,000 612,000 1,352,000 $ 2,176,000 Income Statement, for year ended December 31, Cost of Sales 2022 $ 4,810,000 4,148,000 2021 $ 836,000 1,220,000 $ 2,056,000 $ 312,000 512,000 1,232,000 $ 2,056,000 $ 4,560,000 4,048,000 Gross Margin 662,000 512,000 Operating Expenses 356,000 406,000 Operating Income 306,000 106,000 Taxes 122,400 42,400