Question: Income Statement Balance Sheet Sales $ 4 5 , 0 0 0 Assets $ 1 0 4 , 5 0 0 Debt $ 2 8

Income Statement Balance Sheet
Sales $45,000 Assets $104,500 Debt $28,200
Costs 36,100 Equity 76,300
Taxable income $8,900 Total $104,500 Total $104,500
Taxes (24%)2,136
Net income $6,764
Dividend paid $3,000
Next year's sales $66,000
Tax rate 24%

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