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Use the financial statements of Heifer Sports Inc. to find the information below for Heifer....

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Accounting

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Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year Round all answers to 2 decimal places except $ amounts.) Income Statement Sales Cost of goods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income Taxes Net income 2017 $ 5,650,000 2,950,000 291,200 1,560,000 $848,800 146,000 $ 702,800 315,400 $ 387,400 Balance Sheet, Year-End Assets 2017 2016 Cash Accounts receivable Inventory $47,300 640,000e 475,100 $ 60,000 1,037, 500 721,700 Total current assets Fixed assets $ 1,162,4001.819 00- 3,024,000 $ 4,186,400 4,231,000 $ 6,050,200 Total assets Liabilities and Stockholders' Equity Accounts payable Short-term debt $ 332,500 $ 825,500 $3,030,600 $ 705,000 493,000863300_ $ 1,568, 300 3,453,500 $ 5,021,800 $ 313,800 714,600 $ 1,028,400 $6,050,200 Total current liabilities Long-term bonds 2,205,1003_ Total 1iabilities Common stock Retained earnings $ 313,800 842,000 $ 1,155,800 $ 4,186,400 Total stockholders' equity Total liabilities and stockholders equity

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