Income Statement Sales COGS Other expenses Depreciation EBIT Interest Taxable income Taxes (40%) Net income II Dividends Add to RE $80,518,460...

Income Statement SalesCOGSOther expenses DepreciationEBIT InterestTaxable incomeTaxes (40%)Net income —I—I— DividendsAdd to RE $80,518,460 $58,672,892-$10,210,200 -$3,608,440$8,026,928 -$1,261,040 $6,765,888$2,706,355$4 059 533 $1,220,000$2,839,533 Financials Balance Sheet AssetsCurrent assetsCash $912,870Accounts rec. $1,466,250Inventory $2,146,360Total CA $4,525,480Fixed assetsNet PP&E $35,446,860Total Assets $39 972 340 Liabilities and Equity Current liabilitiesAccounts payableNotes payableTotal CL Long-term debt Shareholder equityCommon stockRetained earnings Total equity Total L&E Page 1 $1,858,010$4,242,700$6,100,710 $11,000,000 $800,000$22,071,630 $22,871,630 $39 972 340 —I#—