| Cash A/c receivable Inventory Short-term investment Land Equipment Less: Accumulated depreciation Total assets A/c payable Accrued liabilities Bonds payable 8% Capital stock($5) Retained earnings Total equities Sales Cost of goods sold Gross profit Expenses(including $22,400 interest expense) Income tax Net income | $ 25,000 90,000 140,000 5,000 100,000 640,000 (200,000) 800,000 46,000 29,000 280,000 110,000 335,000 800,000 1,600,000 1,120,000 480,000 352,000 48,000 80,000 |
