Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns It has a centrally located factory in a U S city that manufactures the products it markets to retail outlets across the nation It also maintains a division that performs installation and warranty servicing in six metropolitan areas The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and maintain the high quality of its products Waterways was founded by Will Winkman, who is the company president and chief executive officer (CEO) Working with him from the companys inception is Wills brother, Ben, whose sprinkler designs and ideas about the installation of proper systems have been a major basis of the companys success Ben is the vice president who oversees all aspects of design and production in the company The factory itself is managed by Todd Senter who hires his line managers to supervise the factory employees The factory makes all of the parts for the irrigation systems The purchasing department is managed by Helen Hines The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local installation operations Each of these local managers hires his or her own local service people These service employees are trained by the home office under Henry Writers direction because of the uniqueness of the companys products There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork, though hiring is actually performed by the separate departments Teresa Totter is the vice president who heads the sales and marketing area she oversees 10 well trained salespeople The accounting and finance division of the company is run by Ann Headman, who is the chief financial officer (CFO) and a company vice president She is a member of the Institute of Management Accountants and holds a certificate in management accounting She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the financial records A partial list of Waterways accounts and their balances for the month of November 2016 follows Accounts Receivable $275,000 Advertising Expenses 54,000 Cash 260,000 DepreciationFactory Equipment 16,800 DepreciationOffice Equipment 2,400 Direct Labor 42,000 Factory Supplies Used 16,800 Factory Utilities 10,200 Finished Goods Inventory, November 1 72,550 Finished Goods Inventory, November 30 68,800 Indirect Labor 48,000 Office Supplies Expense 1,600 Other Administrative Expenses 72,000 Prepaid Expenses 41,250 Raw Materials Inventory, November 1 38,000 Raw Materials Inventory, November 30 52,700 Raw Materials Purchases 184,500 RentFactory Equipment 47,000 RepairsFactory Equipment 4,500 Salaries 325,000 Sales Revenue 1,350,000 Sales Commissions 40,500 Work in Process Inventory, November 1 52,700 Work in Process Inventory, November 30 A list of accounts and their values are given above From this information, prepare an income statement WATERWAYS CORPORATION Income Statement For the Month of November, 2016November, 2016For the Year Ended November, 2016EAT 1413538238708 1 0385403498471282 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415093148264 1 1435862464902873 $ 1,350,000 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415093148264 1 6910446249560933 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EQAT 1423212903827 0 38778715251317390 007 $ 38,000 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EQAT 1423212903827 0 38778715251317390 005 184,500 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EQAT 1423212903827 0 38778715251317390 004 52,700 AddLessEQAT 1423212903827 0 38778715251317390 554 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EQAT 1423212903827 0 38778715251317390 004 169,800 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415098393232 1 4639823973819257 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415098393232 1 0858941091162575 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415098393232 1 4639823973819257 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EQAT 1423212903827 0 38778715251317390 009 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415098393232 1 4639823973819257 $ Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EQAT 1423212903827 0 38778715251317390 014 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EQAT 1423212903827 0 38778715251317390 021 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415098393232 1 3094948501248371 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415093148264 1 179621664150588 325,000 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415093148264 1 1991731440152211 54,000 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EQAT 1423212903827 0 38778715251317390 011 2,400 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415093148264 1 1433102725773345 72,000 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415098393232 1 7887579848395698 453,400 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415098393232 1 4639823973819257 Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income (Loss)EAT 1415098393232 1 7573767571672656 $ 553,500 42,000

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Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and

Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas.

The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water. By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community.

The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and maintain the high quality of its products.

Waterways was founded by Will Winkman, who is the company president and chief executive officer (CEO). Working with him from the companys inception is Wills brother, Ben, whose sprinkler designs and ideas about the installation of proper systems have been a major basis of the companys success. Ben is the vice president who oversees all aspects of design and production in the company.

The factory itself is managed by Todd Senter who hires his line managers to supervise the factory employees. The factory makes all of the parts for the irrigation systems. The purchasing department is managed by Helen Hines.

The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the home office under Henry Writers direction because of the uniqueness of the companys products.

There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing area; she oversees 10 well-trained salespeople.

The accounting and finance division of the company is run by Ann Headman, who is the chief financial officer (CFO) and a company vice president. She is a member of the Institute of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the financial records.

A partial list of Waterways accounts and their balances for the month of November 2016 follows.

Accounts Receivable

$275,000

Advertising Expenses

54,000

Cash

260,000

DepreciationFactory Equipment

16,800

DepreciationOffice Equipment

2,400

Direct Labor

42,000

Factory Supplies Used

16,800

Factory Utilities

10,200

Finished Goods Inventory, November 1

72,550

Finished Goods Inventory, November 30

68,800

Indirect Labor

48,000

Office Supplies Expense

1,600

Other Administrative Expenses

72,000

Prepaid Expenses

41,250

Raw Materials Inventory, November 1

38,000

Raw Materials Inventory, November 30

52,700

Raw Materials Purchases

184,500

RentFactory Equipment

47,000

RepairsFactory Equipment

4,500

Salaries

325,000

Sales Revenue

1,350,000

Sales Commissions

40,500

Work in Process Inventory, November 1

52,700

Work in Process Inventory, November 30

A list of accounts and their values are given above. From this information, prepare an income statement.

WATERWAYS CORPORATION Income Statement For the Month of November, 2016November, 2016For the Year Ended November, 2016EAT_1413538238708_1_0385403498471282
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415093148264_1_1435862464902873	$ 1,350,000
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415093148264_1_6910446249560933
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EQAT_1423212903827_0_38778715251317390_007	$ 38,000
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EQAT_1423212903827_0_38778715251317390_005	184,500
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EQAT_1423212903827_0_38778715251317390_004	52,700
AddLessEQAT_1423212903827_0_38778715251317390_554: Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EQAT_1423212903827_0_38778715251317390_004	169,800
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415098393232_1_4639823973819257
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415098393232_1_0858941091162575
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415098393232_1_4639823973819257
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EQAT_1423212903827_0_38778715251317390_009
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415098393232_1_4639823973819257	$
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EQAT_1423212903827_0_38778715251317390_014
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EQAT_1423212903827_0_38778715251317390_021
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415098393232_1_3094948501248371
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415093148264_1_179621664150588	325,000
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415093148264_1_1991731440152211	54,000
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EQAT_1423212903827_0_38778715251317390_011	2,400
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415093148264_1_1433102725773345	72,000
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415098393232_1_7887579848395698	453,400
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415098393232_1_4639823973819257
Accounts ReceivableCost of Goods ManufacturedDepreciationFactory EquipmentDirect LaborFactory Supplies UsedFactory UtilitiesIndirect LaborRaw Materials Inventory, November 30Raw Materials Inventory, November 1Raw Material PurchasesRentFactory EquipmentRepairsFactory EquipmentWork in Process Inventory, November 1Work in Process Inventory, November 30Advertising ExpensesCashDepreciationOffice EquipmentFinished Goods Inventory, November 30Finished Goods Inventory, November 1Office Supplies ExpenseOther Administrative ExpensesPrepaid ExpensesSalariesSalesSales CommissionsCost of Goods SoldCost of Goods Available for SaleGross ProfitSelling ExpensesTotal Selling ExpensesAdministrative ExpensesTotal Administrative ExpensesOperating ExpensesTotal Operating ExpensesNet Income / (Loss)EAT_1415098393232_1_7573767571672656	$ 553,500