ASSETS

Cash
Accounts receivable
Inventories
Long-term investments
Property and Equipment
Other Assets
TOTAL ASSETS

LIABILITIES AND CAPITAL

Accounts payable
Bonds Payable
Discount on bond payable
Capital
TOTAL LIABILITIES AND CAPITAL
 2021 2020 Amount change Percentage change

600,000 400,000
2,900,000 2,600,000
1,000,000 1,200,000
1,200,000 2,000,000
4,400,000 4,000,000
400,000 -
10,500,000 10,200,000

3,500,000 3,000,000
400,000 500,000
- 18,000 - 20,000
6,618,000 6,720,000
10,500,000 10,200,000
Comparative Income Statements
For the year Ended December 31, 2020

Net Sales
Cost of goods sold
Selling and administrative expenses
Interest expense
Profit before income tax
Income tax
Profit
 Easy Chill
Corporation Corporation
200,000.00 3,000.00
(160,000.00) (1,000.00)
(10,000.00) (500.00)
(3,000.00) (200.00)
27,000.00 1,300.00
(10,800.00) (520.00)
16,200.00 780.00
 Easy Chill
Corporation Corporation