Using this Company's information, please create a
Balance Sheet and Income Statement
Note: Please create these statements for the year 2018 only
2017
2018
Accounts Payable
$81,000
$66,000
Accounts Receivable
$110,000
$128,000
Accumulated Depreciation, PP&E
$290,000
$356,000
Cash and Cash Equivalents
$62,000
$54,000
Common Stock
$415,000
$425,000
Cost of Goods Sold
$359,000
$368,000
Depreciation Expense
$62,000
$66,000
Dividends
$20,000
$25,000
Income Tax Expense
$18,000
$23,000
Interest Expense
$44,000
$44,000
Inventory
$48,000
$55,000
Long-Term Notes Payable
$850,000
$810,000
Patents
$678,000
$712,000...