Question: Comparative financial statement data for Sheridan Ltd. and Sunland Ltd., two competitors, follow: Sheridan Ltd. Sunland Ltd. 2024 2023 2024 2023 Net sales $1,231,000

Comparative financial statement data for Sheridan Ltd. and Sunland Ltd., two competitors,

Comparative financial statement data for Sheridan Ltd. and Sunland Ltd., two competitors, follow: Sheridan Ltd. Sunland Ltd. 2024 2023 2024 2023 Net sales $1,231,000 $901,000 Cost of goods sold 396,000 625,000 Operating expenses 66,000 69,000 Interest expense 2,000 2,100 Income tax expense 16,460 6,600 Current assets 1,109,000 $1,007,000 300,000 $173,000 Capital assets (net) 1,759,000 1,661,000 650,250 512,000 Current liabilities 274,000 908,000 84,400 66,000 Long-term liabilities 789,000 669,000 125,000 86,000 Share capital 981.715 893,000 385,000 375,000 Retained earnings 823,285 198,000 355,850 158,000

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