Required information [The following information applies to the questions displayed below.] Hodge Co.'s income statements for the current year (2023) and one year ago (2022) is presented in the table below. Assume that all sales are on credit. For the Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share The year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid insurance Equipment, net Total assets $461,378 234,471 12,858 9,833 Liabilities and Equity Accounts payable Notes payable Common stock Retained earnings Total liabilities and equity 2023 $ 756,358 718,540 $ 37,818 $ 2.33 2023 $ 33,640 90,000 114,500 10,833 332,841 $ 581,814 $ 141,974 107,193 162,500 170,147 $ 581,814 2022 $ 39,323 63,000 82,500 10,322 306,419 $ 501,564 $ 83,069 113,053 162,500 142,942 $ 501,564 2022 $ 387,960 151,006 13,728. 8,953 2021 $ 41,379 51,000 55,000 4,598 274,523 $ 426,500 $ 55,172 92,371 162,500 116,457 $426,500 $ 596,861 561,647 $ 35,214 $ 2.17 16
Required information The fowpwisg informafion applies to the questions clisplayed belowi Hodge Cols income statements for the current yoar (2023) and one yearago (2022) is presented in the table below. Assume that all sales are on credit. The year-end balance sheets follow. Required information The fowpwisg informafion applies to the questions clisplayed belowi Hodge Cols income statements for the current yoar (2023) and one yearago (2022) is presented in the table below. Assume that all sales are on credit. The year-end balance sheets follow
