$\backslash$table$[[\backslash$table$[[$THE KERFUFFLE COMPANY$],[$Income Statement For the Year Ended June $30,20$X$3]]],[$Net Sales,,$ $620,000],[$Cost of Goods Sold,,$359,690],[$Gross Profit on Sales,,$260,400],[$Operating Expenses$],[$Selling Expenses$],[$Sales Commissions,$ $45,000,],[$Shipping Expense,$4,000,],[$Total Selling Expenses,,$49,800],[$General and Administrative Expenses$],[$Depreciation$,49,700,],[$Rent Expense,$18,200,],[$Salaries and Wages Expense,$30,000,],[$Supplies Expense,$2,475,],[$Office Expense,$2,465,],[$Utilities Expense,$8,260,],[$Total General and Administrative Expenses,,$118,990],[$Total Operating Expenses,,$159,990],[$Net Income from Operations,,$100,590],[$Other Income$],[$Gain on Sale of Equipment,$8,200,],[$Dividend Income,$700,],[$Total Other Income,,$8,900],[$Other Expenses$],[$Bond Interest Expense,$6,900,],[$Other Interest Expense,$5,235,],[$Total Other Expenses,,$11,235],[$Net Income before Income Taxes,,$98,165],[$Income Tax Expense,,$36,500],[$Net Income after Income Taxes,,$ $61,665]]\backslash$table$[[$THE KERFUFFLE COMPANY Comparative Balance Sheet June $30,28$X$3$ and $280$X$2],[,,2003,2002,$Increase $($Decrease$)],[$Assets$],[$Current Assets$],[$Cash$,,$$ $88,700,$$ $67,250,$$ $21,450],[$Investments$,,58,$eee,$-8-,59,8$e$9],[$Accounts Receivable,,$87,800,56,000,31,880],[$Inventory$,,100,900,92,400,8,560],[$Prepaid Expenses,,$22,900,28,900,2,000],[$Total Current Assets,,$ $350,300,$$ $236,550,$$ $113,750],[$Property$,$ Plant, and Equipment$],[$Land$,,$$ $45,000,$$ $45,000,$$ $-$e$-],[$Building$,,240,690,240,600,-0-],[$Less Accumulated Depreciation$-$Building,,$(76,780),(67,000),9,700],[$Equipment$,,155,000,(222,200),(67,289)$