Using the information below (and on back) for E. Nigma corp., prepare a Statement of Changes in Financial Position for 2015. E.Nigma Corp. Income statement (for years ended December 31) 2014 2015

E.Nigma Corp. Income statement (for years ended December 31)

2014 2015

Sales $125,000 $160,000

Cost of goods sold 75,000 96,000

Gross Profit 50,000 64,000

Operating Expense:

Fixed Cash operating expense 21,000 21,000

Variable operating expense 12,500 16,000

Depreciation 4,500 10,000

Total operating expense 38,000 47,000

Earnings before interest & tax 12,000 17,000

Interest 3,000 6,100

Earnings before taxes 9,000 10,900

Taxes 4,500 5,450

Net Income $4,500 $5,450

E.Nigma Corp. Income statement (for years ended December 31)

2014 2015

Sales $125,000 $160,000

Cost of goods sold 75,000 96,000

Gross Profit 50,000 64,000

Operating Expense:

Fixed Cash operating expense 21,000 21,000

Variable operating expense 12,500 16,000

Depreciation 4,500 10,000

Total operating expense 38,000 47,000

Earnings before interest & tax 12,000 17,000

Interest 3,000 6,100

Earnings before taxes 9,000 10,900

Taxes 4,500 5,450

Net Income $4,500 $5,450

E.Nigma Corp. Balance Sheet

Current Assets					2014	2015
	Cash				9,000	500
	Accounts receivable				12,500	16,000
	Inventory				29,000	45,500
	Total Current Assets				50,500	62,000
Plant Property & Equip.
	Land Buildings and equipment Less: Accumulated Dep. Total Net Fixed Assets				20,000 70,000 28,000 62,000	26,000 100,000 38,000 88,000
Total Assets					$112,500	$150,000
Liabilities & Equity
Current Liabilities
	Accounts payable				$ 10,500	$ 22,000
	Bank Notes				17,000	47,000
	Total current Liabilities				27,500	69,000
Long-term debt					28,750	22,950
Common	Shares				31,500	31,500
Retained Earnings					24,750	26,550
Total Liabilities & Shareholders equity					$112,500	$150,000