ABC Corporation Income Statement for Year Ending 12/31 ($000) Sales Operating Expenses EBIT $18,000 (15,000) 3,000...

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ABC Corporation Income Statement for Year Ending 12/31 ($000) Sales Operating Expenses EBIT $18,000 (15,000) 3,000 Interest EBT Taxes @ 40% Net income (500) 2,500 (1,000) 1.500 Cash Dividends @ 40% (600) Cash and Marketable ABC Corporation Balance Sheet for the Year Ending 12/31 ($000) $1.500 Accounts Payable $1,800 Securities Accounts Receivable 2.500 Bank Loan 1.800 Inventories 2.200 Accrued Liabilities 1,200 Total Current Assets 6.200 Total Current 4,800 Liabilities Long-Term Debt 2,800 Common Stock 2.400 Fixed Assets. Net Total Assets 6.800 Retained Earnings 3.000 $13.000 Total Liabilities and $13.000 Equity Paragraph Styles Editing Voic MACRS Depreciation Tables Ownership Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.75% 2 44.45 32.00 24.49 18.00 9.50 7.219 3 14.81 19.20 17.49 14.40 8.55 6.677 4 7.41 11.52 12.49 11.52 7.70 6.177 5 11.52 8.93 9.22 6.93 5.713 6 5.76 8.92 7.37 6.23 5.285 7 8.93 6.55 5.90 4.888 8 4.46 6.55 5.90 4.522 9 6.56 5.91 4.462 10 6.55 5.90 4.461 11 3.28 5.91 4.462 12 5.90 4.461 13 5.91 4.462 14 5.90 4.461 15 5.91 4.462 16 2.95 4.461 17 4.462 X E C W ABC Corporation Income Statement for Year Ending 12/31 ($000) Sales Operating Expenses EBIT $18,000 (15,000) 3,000 Interest EBT Taxes @ 40% Net income (500) 2,500 (1,000) 1.500 Cash Dividends @ 40% (600) Cash and Marketable ABC Corporation Balance Sheet for the Year Ending 12/31 ($000) $1.500 Accounts Payable $1,800 Securities Accounts Receivable 2.500 Bank Loan 1.800 Inventories 2.200 Accrued Liabilities 1,200 Total Current Assets 6.200 Total Current 4,800 Liabilities Long-Term Debt 2,800 Common Stock 2.400 Fixed Assets. Net Total Assets 6.800 Retained Earnings 3.000 $13.000 Total Liabilities and $13.000 Equity Paragraph Styles Editing Voic MACRS Depreciation Tables Ownership Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.75% 2 44.45 32.00 24.49 18.00 9.50 7.219 3 14.81 19.20 17.49 14.40 8.55 6.677 4 7.41 11.52 12.49 11.52 7.70 6.177 5 11.52 8.93 9.22 6.93 5.713 6 5.76 8.92 7.37 6.23 5.285 7 8.93 6.55 5.90 4.888 8 4.46 6.55 5.90 4.522 9 6.56 5.91 4.462 10 6.55 5.90 4.461 11 3.28 5.91 4.462 12 5.90 4.461 13 5.91 4.462 14 5.90 4.461 15 5.91 4.462 16 2.95 4.461 17 4.462 X E C W