21 Jun Net Income = $3,155,848 2
Net Income = $3,155,848 2017 2016 Difference Cash $34,000 $34,000 AR $260,205 $318,768 ($58,563)…
Net Income = $3,155,848 2017
2016
Difference Cash $34,000
$34,000
AR $260,205
$318,768
($58,563)
Inventory $423,819
$352,740
$71,079
Other current assets $41,251
$29,912
$11,339
Total current Assets $758,686
$717,986
$40,700
Less: Accumulated depreciation $212,366
Deferred taxes $225,700
Plant Property and Equipment $1,512,675
$1,403,220
$109,455
Goodwill and other assets $382,145
$412,565
($30,420)
Total Assets $2,653,506
$2,533,771
$119,735
Liabilities and Stockholder Equity Difference AP $378,236
$332,004
$46,232
Wages payable $14,487
$7,862
$6,625
Accrued income taxes $21,125
$16,815
$4,310
Dividends paid $2,966,412
total current liabilities $413,848
$356,681
$57,167
Long Term Debt $679,981
$793,515
($113,534)
Total Liabilities $1,093,829
$1,150,196
($56,367)
Total Common Equity $1,559,677
$1,383,575
$176,102
Total liabilities and stockholder equity $2,653,506
$2,533,771
$119,735
Net Cash flow for operating expenses = $3,634,255
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