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Instant Brake Inc.'s comparative balance sheet information at December 31, 2023 and 2022, and...

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Accounting

Instant Brake Inc.'s comparative balance sheet information at December 31, 2023 and 2022, and its income statement for the year ended December 31, 2023, are as follows: Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Operating Profit Loss on sale of equipment Investment income Profit before taxes Income taxes Profit Cash Cash equivalents Accounts receivable Inventory Investment Accounts payable Dividends payable Bonds payable Preferred shares Common shares Land Building and equipment Accumulated depreciation M 0 Instant Brake Inc. Income Statement December 31, 2023 4 0 $132, 750 41,310 Instant Brake Inc. Balance Sheet Information. S 5, 430 13, 020 $879,000 579,000 $300,000 174,060 125,940 133, 530 21,000 $112, 530 December 31 2023 $ 51,000 $ 25,560 18, 780 88,920 114, 840 2022 Net Change $ 25,440 10, 200 40,440 8,580 48, 480 28, 320 86,520 0 18, 780 (18,780) 77,400 77,400 10 HO (13,020) 21,090 38,400 (21, 120) 449, 310 462,330 124, 050 102,960 17,280 1,800 27,000 82, 200 406,680 900 900 0 27,000 82, 200 406,680 Prev 0 0 1 of 8 m www Next > backspa
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