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What is the Costs of Good Sold? Cash on Hand $2,275.23 $1,987.28 Regular Checking Account $557,125.92 $198,116.52 Payroll Checking Account $0.00 $0.00 Savings Accounts $3,645,599.15

What is the Costs of Good Sold?

Cash on Hand $2,275.23 $1,987.28
Regular Checking Account $557,125.92 $198,116.52
Payroll Checking Account $0.00 $0.00
Savings Accounts $3,645,599.15 $3,044,958.13
Accounts Receivable $51,515,259.98 $16,410,902.71
Other Receivables $1,250,000.00 $0.00
Allowance For Doubtful Accounts ($1,239,009.75) ($1,262,819.88)
Inventory $67,724,527.50 $18,825,205.24
Reserve for Inventory Obsolescence ($846,000.00) ($3,012,000.00)
Prepaid Insurance $3,424,213.78 $743,314.38
Prepaid Rent $0.00 $200,000.00
Office Supplies $8,540.00 $7,406.82
Notes Receivable-Current $0.00 $0.00
Other Current Assets $0.00 $0.00
Land $117,000.00 $117,000.00
Building and Land Improvements $674,313.92 $623,905.92
Machinery, Equipment, Office Furniture $2,929,097.13 $433,217.10
Accum Depreciation ($609,500.00) ($163,500.00)
Investments $1,998,780.39 $572,691.08
Other NonCurrent Assets $53,840.59 $53,840.59
Accounts Payable ($1,922,095.91) ($4,633,118.09)
Sales Tax Payable $0.00 $0.00
Wages Payable $0.00 ($29,470.32)
Fica Employee Withholding ($8,439.65) ($1,318.69)
Medicare Withholding ($11,414.99) ($583.99)
Federal Payroll Taxes Payable ($118,086.12) ($6,033.01)
FUTA Tax payable $0.00 $0.00
State Payroll Taxes Payable ($55,106.86) ($2,815.47)
SUTA Tax Payable $0.00 $0.00
Fica Employer Withholding ($8,439.65) ($1,318.69)
Medicare Employer Withholding ($11,414.99) ($583.99)
Line of credit ($44,403,000.00) ($10,000,000.00)
Current Portion Long- Term Debit $0.00 $0.00
Other Current Liabilities $0.00 $0.00
Notes Payable- NonCurrent ($12,000,000.00) $0.00
Common Stock ($8,105,000.00) ($8,105,000.00)
Paid-In- Capital ($7,423,000.00) ($7,423,000.00)
Retained Earnings ($6,590,983.64) ($2,219,620.65)
Sales- Spotlight ($242,713,452.88) ($246,172,918.44)
Sales Returns $11,100,220.89 $4,497,583.20
Warranty Expense $1,158,128.47 $1,100,281.48
Income from Investments ($1,426,089.31) $0.00
Interest Income ($131,881.46) ($204,302.81)
Miscellaneous Income ($2,166,000.00) $0.00
Cost Of Goods Sold $130,196,645.26 $141,569,221.61
Freight $4,240,263.09 $4,302,951.46
Advertising Expense $1,036,854.01 $897,140.01
Auto Expense $210,502.80 $208,974.39
Research and Development $528,870.44 $31,212,334.17
Depreciation Expense $446,000.00 $133,000.00
Warehouse Salaries $4,720,715.56 $4,633,383.82
Property Tax Expense $99,332.45 $80,495.32
Legal and Professional Expense $4,913,224.45 $3,605,133.96
Bad Debt Expense $0.00 $1,622,425.99
Insurance Expense $36,106.92 $853,942.65
Maintenance Expense $35,502.87 $61,136.04
Utilities $137,332.18 $135,642.99
Phone $52,599.02 $76,373.78
Postal $77,803.61 $128,033.21
Miscellaneous Office Expense $24,891.82 $17,023.27
Payroll Tax Exp $1,577,811.85 $1,550,989.06
Pension/ Profit-sharing plan Ex $3,300,000.00 $3,000,000.00
Rent or lease Expense $1,206,574.00 $2,603,485.87
Administrative Wages Expense $16,197,225.43 $16,875,305.98
Interest Expense $2,591,736.50 $875,000.00
Income tax Expense- Federal $8,900,000.00 $2,365,000.00
Income tax Expense- State $3,100,000.00 $429,000.00
Loss on Legal Settlement $0.00 $19,172,000.00

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