The comparative statements of Osborne Company are presented here. OSBORNE COMPAN

Question

The comparative statements of Osborne Company are presented here.

OSBORNE COMPANY
Income Statements
For the Years Ended December 31 2014 2013 Net sales $1,892,000 $1,751,960 Cost of goods sold 1,060,000 1,007,460 Gross profit 832,000 744,500 Selling and administrative expenses 501,460 480,460 Income from operations 330,540 264,040 Other expenses and losses    Interest expense 24,014 22,014 Income before income taxes 306,526 242,026 Income tax expense 94,014 75,014 Net income $ 212,512 $ 167,012
OSBORNE COMPANY
Balance Sheets
December 31 Assets 2014 2013 Current assets    Cash $ 60,100 $ 64,200    Debt investments (short-term) 74,000 50,000    Accounts receivable 119,260 104,260    Inventory 128,014 117,514      Total current assets 381,374 335,974 Plant assets (net) 659,989 531,289 Total assets $1,041,363 $867,263 Liabilities and Stockholders The comparative statements of Osborne Company are presented here.

OSBORNE COMPANY
Income Statements
For the Years Ended December 31 2014 2013 Net sales $1,892,000 $1,751,960 Cost of goods sold 1,060,000 1,007,460 Gross profit 832,000 744,500 Selling and administrative expenses 501,460 480,460 Income from operations 330,540 264,040 Other expenses and losses    Interest expense 24,014 22,014 Income before income taxes 306,526 242,026 Income tax expense 94,014 75,014 Net income $ 212,512 $ 167,012
OSBORNE COMPANY
Balance Sheets
December 31 Assets 2014 2013 Current assets    Cash $ 60,100 $ 64,200    Debt investments (short-term) 74,000 50,000    Accounts receivable 119,260 104,260    Inventory 128,014 117,514      Total current assets 381,374 335,974 Plant assets (net) 659,989 531,289 Total assets $1,041,363 $867,263 Liabilities and Stockholders OSBORNE COMPANY
Income Statements
For the Years Ended December 31 2014 2013 $1,892,000 $1,751,960 1,060,000 1,007,460 832,000 744,500 501,460 480,460 330,540 264,040 24,014 22,014 306,526 242,026 94,014 75,014 $ 212,512 $ 167,012 OSBORNE COMPANY
Balance Sheets
December 31 Assets 2014 2013 $ 60,100 $ 64,200 74,000 50,000 119,260 104,260 128,014 117,514 381,374 335,974 659,989 531,289 $1,041,363 $867,263 Liabilities and Stockholders The comparative statements of Osborne Company are presented here.

OSBORNE COMPANY
Income Statements
For the Years Ended December 31 2014 2013 Net sales $1,892,000 $1,751,960 Cost of goods sold 1,060,000 1,007,460 Gross profit 832,000 744,500 Selling and administrative expenses 501,460 480,460 Income from operations 330,540 264,040 Other expenses and losses    Interest expense 24,014 22,014 Income before income taxes 306,526 242,026 Income tax expense 94,014 75,014 Net income $ 212,512 $ 167,012
OSBORNE COMPANY
Balance Sheets
December 31 Assets 2014 2013 Current assets    Cash $ 60,100 $ 64,200    Debt investments (short-term) 74,000 50,000    Accounts receivable 119,260 104,260    Inventory 128,014 117,514      Total current assets 381,374 335,974 Plant assets (net) 659,989 531,289 Total assets $1,041,363 $867,263 Liabilities and Stockholders The comparative statements of Osborne Company are presented here.

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The comparative statements of Osborne Company are presented here. OSBORNE COMPAN

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