Business

Karly Ryan

25 May, 15:38

Use the following information to create an income statement and balance sheet.

Accounts Payable 250,000

Accounts Receivable 230,000

Cash 370,000

Common Stock 100,000

Costs 430,000

Depreciation Expense 40,000

Dividends 73,800

Goodwill 170,000

Interest Expense 60,000

Inventory 80,000

Land 499,770

Line of credit (used) 150,000

Long Term Loan 400,000

Paid in Surplus 225,000

Preferred Stock 75,000

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