Question: Presented below is the 2021 income statement and comparative balance sheet Information for Tiger Enterprises $14, eee 38e 800 3,200 9,180 TIGER ENTERPRISES Income Statement


Presented below is the 2021 income statement and comparative balance sheet Information for Tiger Enterprises $14, eee 38e 800 3,200 9,180 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 (5 in thousands) Sales revenue Operating expenses Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information (5 in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Equipment Less: Accusulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Accrued liabilities (for general administrative expense) Income taxes payable Notes payable (due 12/31/2022) Common stock Retained earnings Total liabilities and shareholders' equity (1,928) $ 2,892 Dec. 31, 2020 Dec. 31, 2021 $ 580 820 780 110 3,000 (1,120) 5.4.170 $ 34e 970 740 25 2,500 (740) $ 3,835 $ see 54e $ 370 370 350 1,200 1.06 760 $4,170 94 215 53,835 Required: D'ANAR A RAPATA RARA LA VALE
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