Big Rock Candy Mountain Mining Co.
Income Statements
For the Years 2019 and 2020
	2020	2019
Sales	$412,500	$398,600
Cost of Goods	318,786	315,300
Gross Profit	93,714	83,300
Depreciation	29,800	29,652
Selling & Admin. Expense	26,250	24,550
Other Operating Expense	1,210	1,245
Net Operating Income	36,454	27,853
Interest Expense	8,582	8,457
Earnings Before Taxes	27,872	19,396
Taxes	6,968	4,849
Net Income	20,904	14,547
Notes:
Tax Rate	25.00%	25.00%
Shares	52,100	52,100
Earnings per Share	$0.40	$0.28

Big Rock Candy Mountain Mining Co.
Balance Sheet
For the Year Ended December 31, 2020
	2020	2019
Assets
Cash	$16,435	$11,596
Marketable Securities	3,656	619
Accounts Receivable	45,896	47,404
Inventory	52,397	54,599
Total Current Assets	118,384	114,218
Gross Fixed Assets	436,573	397,023
Accumulated Depreciation	87,450	57,650
Net Plant & Equipment	349,123	339,373
Total Assets	467,507	453,591
Liabilities & Owner's Equity
Accounts Payable	$37,752	$36,819
Accrued Expenses	3,183	3,085
Total Current Liabilities	40,935	39,904
Long-term Debt	170,562	178,581
Total Liabilities	211,497	218,485
Common Stock ($1.00 par)	58,664	58,664
Additional Paid-in-Capital	136,807	136,807
Retained Earnings	60,539	39,635
Total Owner's Equity	256,010	235,106
Total Liab. & Owner's Equity	467,507	453,591

1. Recreate the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. (Identify and Access Needed Information 4 pts).
2. On another worksheet, create a statement of cash flows for 2020. Do not enter any numbers directly on this worksheet. All formulas should be linked directly to the source on previous worksheets (Identify and Access Needed Information 4 pts).
3. Create common size income statement, balance sheet, and statement of cash flows (Analysis 4pts).
4. Interpretation: Please describe your process of analyzing the given information, and interpret the results from c). Please include your written description in the “interpretation” tab. If you do not complete this section with your words or leave the interpretation tab as a blank, you receive 0 point in this HW (Use Information Effectively to Accomplish a Specific Purpose 4 pts).