Scribd
Upload
15 views2 pages

Income Statement and Balance Sheet Analysis

The company generated $5.7 million in total revenue from sales and dividend income. Total expenses, including the cost of goods sold, wages, depreciation, amortization, and interest, were $5.1 million. After accounting for income tax expense and a gain on the sale of investments, the company's net income was $90,000. According to the balance sheet, the company's assets increased over the period, with increases in accounts receivable, inventory, prepaid expenses, buildings, and patents. Cash and equipment declined.

Uploaded by

Anonymous 4uZjvAw
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
15 views2 pages

Income Statement and Balance Sheet Analysis

The company generated $5.7 million in total revenue from sales and dividend income. Total expenses, including the cost of goods sold, wages, depreciation, amortization, and interest, were $5.1 million. After accounting for income tax expense and a gain on the sale of investments, the company's net income was $90,000. According to the balance sheet, the company's assets increased over the period, with increases in accounts receivable, inventory, prepaid expenses, buildings, and patents. Cash and equipment declined.

Uploaded by

Anonymous 4uZjvAw
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
Depreciation Expense
3
Patent Amortization Expense
Interest Expense
Income Tax Expense
4
5
Gain on Sale of Investments
1
Net Income

Dr

$4,400,000
1,300,000
39,000
7,000
11,547,841
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
Land
Buildings
Accumulated DepreciationBuildings
Equipment
Accumulated depreciationEquipment
Patents

$19,000
400,000
1,030,000
10,000
0
190,000
445,000
-91,000
179,000
-42,000
50,000

Begenning
$25,000
30,000
5,842,258
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)
$370,000
###
$4,000
($57,000)
$90,000
$95,000
($16,000)
($46,000)
$4,000
$18,000

You might also like