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Balance sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant...

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Accounting

Balance sheet
As of December 31
ASSETS
Cash
Accounts receivable
Inventory
Net plant and equipment
Total assets
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable
Accrued expenses
Long-term debt
common stock
Paid-in capital
Retained earnings
Total liabilities and stockholders' equity
MEGAFRAME COMPUTER COMPANY
Income statement
For the year ended December 31
Sales (a1l on credit)
cost of goods sold
Gross profit
Sales and administrative expenses
Depreciation
operating profit
Interest expense
Profit before taxes
Taxes (30%)
Net income
\table[[\table[[875,000],[600,600]]],[\table[[275,000],[30,060]]],[\table[[55,060],[190,060],[25,000]]],[\table[[165,060],[49,500]]],[$115,560
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