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Assignment: Prepare an income statement and a balance sheet. Sales: 577219 ...

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Accounting

Assignment:
Prepare an income statement and a balance sheet.
Sales: 577219
Operating Costs: 398609
Depreciation Expense: 10000
Interest Expense: 5000
Tax Expense: 29408
Cash: 2197
Receivables: 45147
Inventories: 71582
Fixed Assest, Net: 50000
Payables: 11000
Accrued Expenses: 10000
Long-Term Loan: 50000
Common Equity: 97926
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