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Font 1 6 1 Collage Technologies 3 Income Statement 2017 640,000.00 384,000.00 256,000.00 42,000.00 33,000.00 30,000.00 151,000.00 6,000.00 145,000.00 34,000.00 111,000.00 30,000.00 2016 425,000.00 $ 255,000.00 $ 5 Net Sales 6 Less Cost of Goods Sold 7 Gross Profit 8 Marketing Expense 9 Administrative Expense 10 Depreciation 170,000.00 42,000.00 $ 33,000.00 $ 25,000.00 S 70,000.00S 4,000.00 $ 66,000.00 $ 12,000.00 S 54,000.00 S 20,000.00 $ 12 Interest 14 Income Taxes 15 Net Income 16 Cash Dividends 2016 2017 18 Balance Sheet 19 20 Cash 21 Accounts Receivable 22 Inventories 23 Total Current Assets 24 Gross Fixed Assets 25 Less Accumulated Depreciation $ 26 Net Fixed Assets 30,000.00 $ 65,000.00 $ 165,000.00 $ 260,000.00 $ 200,000.00 $ 95,000.00 S 105,000.00 $ 365,000.00 19,000.00 90,000.00 290,000.00 399,000.00 290,000.00 125,000.00 165,000.00 564,000.00 27 Total Assets 29 Accounts Payable 30 Bank Loan 31 Accrued Liabilities 32 Total Current Liabilities 33 Long-term debt 34 Common Stock 35 Retained Earnings 36 Total Liabilities and Equity 50,000.00 S 20,000.00 S 10,000.00S 80,000.00 $ 15,000.00 $ 85,000.00 S 30,000.00 23,000.00 118,000.00 50,000.00 130,000.00 266,000.00 564,000.00 185,000.0o 365,000.00 $ Sheet1 Sheet2 Sheet3 Font 1 6 1 Collage Technologies 3 Income Statement 2017 640,000.00 384,000.00 256,000.00 42,000.00 33,000.00 30,000.00 151,000.00 6,000.00 145,000.00 34,000.00 111,000.00 30,000.00 2016 425,000.00 $ 255,000.00 $ 5 Net Sales 6 Less Cost of Goods Sold 7 Gross Profit 8 Marketing Expense 9 Administrative Expense 10 Depreciation 170,000.00 42,000.00 $ 33,000.00 $ 25,000.00 S 70,000.00S 4,000.00 $ 66,000.00 $ 12,000.00 S 54,000.00 S 20,000.00 $ 12 Interest 14 Income Taxes 15 Net Income 16 Cash Dividends 2016 2017 18 Balance Sheet 19 20 Cash 21 Accounts Receivable 22 Inventories 23 Total Current Assets 24 Gross Fixed Assets 25 Less Accumulated Depreciation $ 26 Net Fixed Assets 30,000.00 $ 65,000.00 $ 165,000.00 $ 260,000.00 $ 200,000.00 $ 95,000.00 S 105,000.00 $ 365,000.00 19,000.00 90,000.00 290,000.00 399,000.00 290,000.00 125,000.00 165,000.00 564,000.00 27 Total Assets 29 Accounts Payable 30 Bank Loan 31 Accrued Liabilities 32 Total Current Liabilities 33 Long-term debt 34 Common Stock 35 Retained Earnings 36 Total Liabilities and Equity 50,000.00 S 20,000.00 S 10,000.00S 80,000.00 $ 15,000.00 $ 85,000.00 S 30,000.00 23,000.00 118,000.00 50,000.00 130,000.00 266,000.00 564,000.00 185,000.0o 365,000.00 $ Sheet1 Sheet2 Sheet3

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