| | The condensed financial statements of Murawski Company for the years 2021 and 2022 are presented as follows. (Amounts in Thousands) |
| | Murawski Company | | | | | Murawksi Company |
| | Balance Sheet | | | | | Income Statement |
| | December 31 | | | | | For the Years Ended December 31 |
| | | 2022 | 2021 | | | | 2022 | 2021 |
| | Current Assets | | | | | Sales Revenue | $3,800 | $3,460 |
| | Cash and cash equivalents | $330 | $360 | | | Costs and expenses |
| | Accounts receivable (net) | 470 | 400 | | | Cost of goods sold | 955 | 890 |
| | Inventory | 460 | 390 | | | Selling and Administrative expesnes | 2,400 | 2,330 |
| | Prepaid expenses | 120 | 160 | | | Interest expense | 25 | 20 |
| | Total current assets | 1,380 | 1,310 |
| | | | | | | Total costs and expenses | 3,380 | 3,240 |
| | Investments | 10 | 10 |
| | Property, plant, and equipment | 420 | 380 | | | Income before income taxes | 420 | 220 |
| | Intangibles and other assets | 530 | 510 | | | Income tax expense | 126 | 66 |
| | Total assets | $2,340 | $2,210 |
| | | | | | | Net Income | $294 | $154 |
| | Current liabilities | $900 | $790 |
| | Long-term liabilities | 410 | 380 |
| | Stockholder's equity - common | 1,030 | 1,040 |
| | Total liabilities and stockholder's equity | $2,340 | $2,210 |
| | Additional Information: |
| | Assets Balance 12/31/20 | $ 1,900 |
| | Inventory Balance 12/31/20 | $ 340 |
| | Stockholder Equity Balance 12/31/20 | $ 900 |
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HCS380Wk4AssignmentStudentTemplate4today.xlsx
