Scribd
Upload
8 views2 pages

Income Statement and Balance Sheet Analysis

Sales totaled $4.4 million with an additional $1.3 million in dividend income for total revenue of $5.7 million. After expenses like cost of goods sold, wages, depreciation, amortization and taxes, the company reported a net income of $90,000. Assets increased from the beginning to the end of the period, with increases in cash, accounts receivable, inventory and prepaid expenses, along with additions to land and buildings.

Uploaded by

Anonymous OirzeS5wK
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
8 views2 pages

Income Statement and Balance Sheet Analysis

Sales totaled $4.4 million with an additional $1.3 million in dividend income for total revenue of $5.7 million. After expenses like cost of goods sold, wages, depreciation, amortization and taxes, the company reported a net income of $90,000. Assets increased from the beginning to the end of the period, with increases in cash, accounts receivable, inventory and prepaid expenses, along with additions to land and buildings.

Uploaded by

Anonymous OirzeS5wK
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

INCOME STATEMENT

Sales
Dividend Income
Total Revenue
Cost of Goods Sold
Wages and Other Operating Expenses
2
Depreciation Expense
3
Patent Amortization Expense
Interest Expense
Income Tax Expense
4
Loss on Sale of Equipment
5
Gain on Sale of Investments
1
Net Income

Dr

$4,400,000
1,300,000
39,000
7,000
13,000
44,000
5,000
-3,000

Cr
$750,000
15,000
765,000

675,000
$90,000

BALANCE SHEETS
Ending

6
7
8
12
13
14
15

Assets
Cash and Cash Equivalents
Accounts Receivable
Inventory
Prepaid Expenses
Long-Term Investments
Land
Buildings
Accumulated DepreciationBuildings
Equipment
Accumulated depreciationEquipment
Patents

$19,000
40,000
103,000
10,000
0
190,000
445,000
-91,000
179,000
-42,000
50,000

Begenning
$25,000
30,000
77,000
6,000
57,000
100,000
350,000
-75,000
225,000
-46,000
32,000

A
A

O
O

A
S
A

O
O
O

S
S
S
A
S
S

O
O
O
I
I
I

($6,000)
$10,000
$26,000
$4,000
($57,000)
$90,000
$95,000
($16,000)
($46,000)
$4,000
$18,000

You might also like