week 7 course project final

ACCT 550 – Course Project Check Figures

1) Multi-step Income Statement

· Net Income $131, 309

· Gross Profit $399,916

· Operating Income $270,255

· Interest Expense $72,520

2) The Balance Sheet

· Retained Earnings $258,809

· Cash $542,650

· Total Current Assets $952,980

· Total Current Liabilities $433,646

· Total Assets $2,511,145

· Total Liabilities $1,667,486