Company A
Income Statement
December 31, 20XX Sales
Sales Revenue 2,000,000
Less Sales Discount (120,000)
Net Sales 1,880,000
Cost of Goods Sold 1,000,000
Gross Profit 880,000 Operating Expenses
Selling Expenses
Selling Expenses 300,000
Depreciation Expense 40,000
Total Selling Expenses 340,000 Administrative Expenses
Administrative Expenses 350,000
Depreciation Expense 60,000
Total Administrative Expenses 410,000
Total Operating Expenses 750,000
Income from Operations 130,000 Other Revenues and Gains
Rental Income 50,000
Dividend Income 30,000
Interest Revenue 25,000
Total Other Revenues and Gains 105,000 Income before Taxes 235,000
Income Tax Expense 82,250
Net Income 152,750 Earnings per Share
Per Share of Common Stock $40.00
Income from Operations $10.90
Income from Other Revenues and Gains $8.40
Income before Tax $21.40
Net Income $13.18

Company A
Balance Sheet
December 31, 20XX Assets
Current Assets
Cash 42,485
Accounts Receivable 165,824 Less: Allowance for Doubtful Accounts (1,850) 163,974
Inventories 499,493
Securities Available for Sale at Fair Market Value 28,250
Notes Receivable (due next year) 23,000
Deposits with Vendors 50,000
Prepaid Expenses 16,252
Total Current Assets 823,454 Long-Term Investments
Investments in Warren & Co 87,500 Property, Plant, and Equipment
Land 125,000
Building 975,800
Accumulated Depreciation (341,200) 634,600
Total