FIN 313 CFFA statement 3

Balance Sheet 2015 2014 2014 2015 $1,389.070 $1.676.900 $87,051 A/P $123,700 Cash $391,330 $582,505 $1435.000 N/P $1.234.500 A/R $1,534,500 Inventory $1.135,300 10 11 $2,259,405 $3,056,551 Tetal CL $1,780,400 $2,493,500 Total CA 12 $1.416,790 $1,234,900 13 $2,087,900 LT Debt $1,786,800 Net FA 14 $1,265.000 $1468,256 Equity Total Liab. & $5,144,451 Equity 15 16 $4.280,300 $5.144.451 Total Assets $4,280,300 19 Income Statement 2015 20 $12,456,430 Revenues 21 (S9,807,650) Cost of Goods Sold 22 $2,648,780 Gross Profit Expenses (S1,087,600) 23 24 Depreciation (S987,640) 25 EBIT $573,540 (5234,780) Interest Expense Taxable Income 26 27 S338,760 (5135.504) 28 Taxes (40%) Net Income $203,256 29 30 31 Example 2 Exrple 3 Example 1 MacBook Ai S0 888 esc F3 FA 23 %24 3 4