Construct the Du Pont identity for Earl Grey Golf Corp. EARL GREY GOLF CORP. 2011 and 2012

Construct the Du Pont identity for Earl Grey Golf Corp.

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EARL GREY GOLF CORP. 2011 and 2012 Statement of Financial Position Liabilities and Owners' Equity Assets 2011 2011 2012 2012 Current liabilities Current assets $ 21,860 $ 22,050 $ 19,320 $ 22,850 Accounts payable Notes payable Other Total Cash Accounts receivable 11,316 10,000 9,643 $ 38,963 $ 75,000 $ 25,000 9,000 13,850 24,650 Inventory Total 23,084 $ 56,260 11,385 $ 43,235 $ 85,000 $ 25,000 $ 60,550 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity Fixed assets Net plant and equipment $234,068 $260,525 151,365 $176,365 167,840 $192,840 Total assets $290,328 $321,075 $290,328 $321,075 EARL GREY GOLF CORP. 2012 Statement of Comprehensive Income Sales $ 305,830 Cost of goods sold 210,935 Depreciation 26,850 Earnings before interest and tax $ 68,045 Interest paid 11,930 Taxable income $ 56,115 Taxes (35%) 19,640 Net Income $ 36,475 Dividends $ 20,000 Additions to retained earnings 16,475