Quick Company
Comparative Balance Sheet
December 31, 2013 & 2012
Asset	2013	2012
Cash	$ 32	$ 23
Account Receivable	$ 126	$ 188
Inventory	$ 48	$ 60
Paid Expense	$ 26	$ 12
PPE	$ 2,362	$ 1,834
Accumulate Depreciation -PPE	$ (927)	$ (777)
Total Asset	$ 1,667	$ 1,340
Liabilities and Stockholder's Equity
Accounts Payable	63	40
Interest Payable	23	18
Income Tax Payable	71	123
Long Term Debt	866	655
Common Stocks	522	420
Retained Earnings	122	84
Total Liabilities and Stockholder's Equity	1667	1340
Quick Company
Condensed Income Statement
For the Year Ending December 31, 2013
Sales		$ 2,540
Cost of Goods Sold		$ 2,080
		$ 460
Operating Expenses
Salary Expense	$ 125
Interest Expense	$ 25
Income Tax Expense	$ 35
Depreciation Expense	$ 150	$ 335
Net Income		$ 125
The following information is also available for 2013:
There were no asset sales during the year.
Dividends of $87 were paid during the year.
All accounts payable relate to inventory purchases.
All purchases of plant assets were cash transactions.