use balance& income sheet to solve growth in balance items and income items

Income Statement For year ended 12/31/- ALL FIGURES IN SOUL Revenue C065(Cost of Goods Sold) Gross profit S6&A (Selling General & Administrative) Operating income Other revenues & gains Gainon sale of investments EBIT (Eamings before interest and taxes) Interest expense, net Earnings before taxes Income tax expense Net income 2019 $ 62,727. 05 2,000.0 42,727.0 47.000.0 20,000.0 22.000.0 8,454.5 93000 11,545.5 12,700.0 800.0 11,545.5 3,500.0 950.0 12 550.0 863.0 10,682.5 4,272.0 6,410.5 $ 5,020.0 7.530.0 Balance Sheet As of 12/31/... ALL FIGURES IN $000s 2018 $ 11,500.0 Cash $ 13,000.0 Receivables Inventory Total current assets PP&E, gross Accumulated depreciation Long-term investments (held-to-maturity) Total Assets 20,500.0 45,000.0 17,000.0 (11,700.0) 14,200.0 64.500.0 2019 18,430,0 17,500.0 17,500.0 53,430.0 19,000.0 (12,000.0) 13,000.0 73,430,0 Accounts payable Short-term note Accrued liabilities Total current liabilities Long-term debt Preferred stock Common stock Retained earnings Total Liabilities Shareholders Equity 9,000.0 2,000.0 2.500.0 13,500.0 15.000.0 12,000.0 2.500.0 2.000.0 15,500.0 14.000.0 170000 19.000.0 19.000.0 23 9300 2019 . 150 Growth of Balance Sheet Items 151 Cash 152 Receivables 153 Inventory 154 Total current assets 155 PP&E, gross 156 Accumulated depreciation 157 Long-term investments (held-to-maturity) 158 Total Assets 159 160 Accounts payable 161 Short-term note 162 Accrued liabilities 163 Total current liabilities 164 Long-term debt 165 Preferred stock 166 Common stock 167 Retained earnings 168 Total Liabilities + Shareholders' Equity 169 2019 NOTES 135 136 Growth of Income Statement Items 137 Revenue 138 COGS (Cost of Goods Sold) 139 Gross profit 140 SG&A (Selling, General & Administrative) 141 Operating income 142 Other revenues & gains 143 Gain on sale of investments 144 EBIT (Earnings before interest and taxes) 145 Interest expense, net 146 Earnings before taxes 147 Income tax expense 148 Net income 149