Net sales$$1,046,000$Cost of goods sold:Inventory, Dec$\mathrm{.}31,2022$$ $79,360$Purchases$608,840$$ $688,200$Coventary, table for $302$g$60,240$Cost of goods sold$627,960$Gross profit from sales$$418,040$Operating expenses$281,360$Operating profit$$136,680$Interest expenseProfit before taxes$12,200$Income taxes$124,48019,264$Profhst$$105,216$Outdoor Waterworks Inc.Balance SheetDecember $31,2023$AssetsCashCurrent non$-$strategic investmentsAccounts receivable, netNotes receivableInventoryPrepaid expensesPlant and equipment, netTotal assetsLiabilities and EquityAccounts payableAccrued wages payable$ $23,00025,44052,88011,36060,2405,920330,520$$$509,360$$ $49,1606,400$