Year 3 Year 2 Year 1 Income Statement Revenue 10,972 11,598 10,470 Cost of Goods Sold 8,942 8,767 7,901 Selling, General & 2,470 2,611 2,479 Admin. Expenses Interest expense 76 80 28 Net Income (516) 140 62 Balance Sheet Assets Cash 1,354 1,316 1,880 Prepaid expenses 202 522 125 Accounts receivable 375 250 231 Inventory 745 698 455 Property & equipment 20,464 18,810 17,727 (net) Total Assets 23,140 21,596 20,418 Liabilities Accounts payable 2,824 743 678 Unredeemed gift cards 410 850 636 Notes Payable 15,457 18,048 17,024 Stockholders' Equity Common Stock 985 545 815 Retained Earnings 3,464 1,410 1,265 Total Liabilities & Equity 23,140 21,596 20,418