XYZ Industries

Income Statement
For the Year Ended December 31, 2015

Revenues
Net Sales
Sales Revenue
Sales Discount
Dividend Income
Interest Revenue
Rental Income
Total revenues
Expenses
Cost of Goods Sold
Administrative Expenses
Selling Expenses
Depreciation Expenses
Income Tax Expenses
Total Expenses
Net Income

$
$

2,000,000
(120,000) $
$
$
$
$

$
$
$
$
$

1,000,000
350,000
300,000
100,000
82,250
$
$

1,880,000
30,000
25,000
50,000
1,985,000

1,832,250
152,750

XYZ Industries
Balance Sheet
December 31,2015

Assets
Current Assets
Cash
Accounts receivables
Less: Allowance for Doubtful Accounts
Notes Receivables
Inventories
Prepaid Expenses
Total Current Assets
Investments
Investments in Warren Company
Securities
Total Investments
Property, Plant& Equipment
Land
Building
Less: Accumulated Depreciation
Total Property, Plant & Equipment
Intangible Assets
Copyrights
Goodwill
Patents
Trademarks
Vendor Deposit
Total Intangible Assets
Total Assets
Liabilities
Current Liabilities
Accounts Payable
Income Tax Payable
Salary payable
Note Payable
Mortgage Payable
1,500*12
Accrued Liabilities
Accrued Interest on Note
Customer Deposit

$
$

165,824
1,850

$
$

975,800
341,200

Total Current Liabilities

Non Current Liabilities
Mortgage Payable
20Year 12% Bond Due 1/1/2016
Total Non Current Liabilities
Stockholder Equities
Preferred Stock 7%
Common Stock
Additional Paid In Capital
Retained Earnings
Total Stockholders Equities
Total Liabilities and Stockholders Equalities

42,485

$
$
$
$

163,974
23,000
499,493
16,252

$
$

125,000

634,600

$
$
$
$
$
$
$
$

745,204

115,750

759,600

$
$

460,000
2,080,554

87,500
28,250

$
$
$
$
$

105,000
100,000
125,000
80,000
50,000

197,532
62,520
52,000
50,000
18,000
9,500
500
420

$
$

$
$
$
$

390,472

790,000

$
$

900,082
2,080,554

290,000
500,000

300,000
400,000
37,500
162,582