Question: The most recent financial statements for Shinoda Manufacturing CD are shown below: Income Statement Sales Costs Taxable income Tax (35%) Net Income $63,400 45,080

The most recent financial statements for Shinoda Manufacturing CD are shown below: Income Statement Sales Costs Taxable income Tax (35%) Net Income $63,400 45,080 $18,320 6,412 $11,908 Current assets Fixed assets Total Balance Sheet S 24,000 Debt 76,900 Equity S100,900 Total s 40,200 60,700 1001900

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