SALES
$25,000
COSTS OF GOODS
$16,000
DEPRECIATION
$3,000
EARNINGS BEFORE INTEREST AND TAXES
$6,000
INTEREST PAID
$2,000
TAXABLE INCOME
$4,000
TAXES (34%)
$1,360
NET INCOME
$2,640
(ADDITION TO) RETAINED EARNINGS
$1,584
DIVIDENDS
$1,056
CURRENT ASSET
2002
2003
CURRENT LIABILITIES
2002
2003
CASH
$4,000
$3,000
ACCOUNTS PAYABLE
$3,000
$2,500
ACCOUNTS RECEIVABLE
$9,000
$11,000
NOTES PAYABLE
$6,000
$6,416
INVESNTORY
$5,000
$4,500
LONG TERM DEBT
$15,000
$13,000
OWNERS EQUITY
FIXED ASSETS
COMMON STOCK
$14,000
$16,500
NET FIXED ASSET(PLANT AND EQUIPMENT)
$30,000
$31,500
RETAINED...