Business, 24.06.2020 04:01 raven76

SHERIDAN COMPANY SHERIDAN COMPANY Income Statements For the Years Ended December 31 2022 2021Sales revenue $896,000 $796,000 Cost of goods sold 648,000 574,000 Gross profit 248,000 222,000 Operating expenses 189,000 165,000 Net income $ 59,000 $ 57,000 Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $88,000. 3. Total assets at the beginning of 2021 were $639,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account.

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