Net Sales
COGS
Gross Profit
Marketing Expenses
Administrative Expenses
Building rental
Depreciation expense
EBIT
Interest
EBT
Taxes
Net Income
Dividends
Change in Retained Earnings
2012
2011
600,000
400,200
140,000
20,000
8,000
2,000
30,000
80,000
10,000
70,000
27,100
42,900
31,800
11,100
ABC
Balance Sheet Ending Dec. 31$^{st}$ (\$)
Account
2010
2011
Change
Cash
15,000
14,000
Marketable Securities
6,000
6,200
Receivables
42,000
33,000
Inventories
52,200
85,100
Total Current Assets
115,200
138,300
Gross Fixed Assets
Less Accumulated Depreciation
Net Fixed Assets
286,000
270,000
Total Assets
401,200
408,300
Liabilities and Equity
Payables
48,000
57,000
Accrued Wages
6,000
5,000
Bank Loan
15,000
13,000
Other Current Liabilities
0
0
Total Current Liabilities
69,000
75,000
Total Current Liabilities
69,000
75,000
Long-term Debt
160,000
150,000
Owner's Equity
Common Stock (@ par + APIC)
122,200
122,200
Retained Earnings
50,000
61,100