Universal Office Furnishings, Inc Balance Sheet December 31, 20XX $9,580.00 $2,272.00 $1,037.00 $7,712.00 $422.00 $8,134.00 ASSETS Current Assets Cash Accounts Receivable Inventory Total Current Assets Property, Plant & Equipment Other noncurrent assets Total Noncurrent assets Total Assets LIABILITIES & STOCKHOLDERS' EQUITY Accounts Payable short Term Debt Other Current Liabilitiesa Total Current Liabilities Long Term Debt Total Liabilities STOCKHOLDERS' EQUITY Common Stock Retained Earnings Total Equity Total Liabilities & Stockholder's Equity $1,142.00 $1,743.00 $855.00 $1.778.00 $2,019.00 $15,505.00 Universal Office Furnishings, Inc. Income Statement For Period Ending December 31, 20XX $19,380.00 $11,285.00 $8,095.00 $4,977.00 Sales COGS Gross Profit Operating Expenses EBIT Interest Expense EBT Tax (40%) Net Income $134.00