Help please. The most recent financial statements for...
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The most recent financial statements for Scott, Inc., appear below. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. SCOTT, INC. 2019 Income Statement Sales $763,000 Costs 619,000 Other expenses 29,000 Earnings before interest $ 115,000 and taxes Interest expense 14,000 Taxable income Taxes (25%) $ 101,000 25,250 Net income $ 75,750 Dividends Addition to retained earnings $26,240 49,510 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,240 Accounts payable $ 61,400 Accounts receivable 34,660 Notes payable 17,600 70 nnn 71 An Tatal Inwontent
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You can see the logs in the Dashboard.