Chat with us, powered by LiveChat Net Income = $3,155,848 2 | Writedemy

Net Income = $3,155,848 2

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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