INCOME STATEMENT

Sales
Dividend Income
Total Revenue
Cost of Goods Sold
Wages and Other Operating Expenses
2
Depreciation Expense
3
Patent Amortization Expense
Interest Expense
Income Tax Expense
4
Loss on Sale of Equipment
5
Gain on Sale of Investments
1
Net Income

Dr

$4,400,000
1,300,000
39,000
7,000
13,000
44,000
5,000
-3,000

Cr
$750,000
15,000
765,000

675,000
$90,000

BALANCE SHEETS
Ending

6
7
8
12
13
14
15

Assets
Cash and Cash Equivalents
Accounts Receivable
Inventory
Prepaid Expenses
Land
Buildings
Accumulated DepreciationBuildings
Equipment
Accumulated depreciationEquipment
Patents

$19,000
400,000
1,030,000
10,000
0
190,000
445,000
-91,000
179,000
-42,000
50,000

Begenning
$25,000
30,000
77,000
6,000
57,000
100,000
350,000
-75,000
225,000
-46,000
32,000

A
A

O
O

A
S
A

O
O
O

S
S
S
A
S
S

O
O
O
I
I
I

($6,000)
$370,000
$953,000
$4,000
($57,000)
$90,000
$95,000
($16,000)
($46,000)
$4,000
$18,000