The Sleep Company had the following operating results for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of $71,400 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 1,000,000 shares of outstanding stock at the end of 2022. Balance Sheet, December 31, 2022 2021 Cash Accounts Receivable Inventory Total Current Assets Long-lived Assets. Total Assets Current Liabilities Long-term Debt Shareholder Equity Total Debt and Equity Sales $ 378,000 $ 138,000 $ 388,000 $ 438,000 $ 288,000 $ 1,054,000 1,460,000 $ 2,514,000 $ 238,000 638,000 1,638,000 $ 2,514,000 $ 338,000 $ 914,000 1,480,000 $ 2,394,000 $ 338,000 538,000 1,518,000 $ 2,394,000 Income Statement, for year ended December 31, Cost of Sales 2022 $ 4,940,000 4,252,000 688,000 369,000 2021 $ 4,690,000 4,152,000 538,000 419,000 Gross Margin Operating Expenses Operating Income Taxes Net Income Cash Flow From Operations Net Income 319,000 127,600 $191,400 119,000 47,600 $ 71,400 2022 $ 191.400 2021 $ 71.400