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Sweet Dreams Corp. Sweet Dreams Corp.Income Statement Balance Sheet
For the Year Ended Dec. 31 2017 As of Dec. 31 2017
2017 2016 Assets 2017 2016
Sales 3,074,000 2,567,000 Cash 431,000 339,000
Cost of Goods Sold 2,088,000 1,711,000 Accounts Receivable 503,000 365,000
Gross Profit 986,000 856,000 Inventories 289,000 300,000
Selling and G&A Expenses 294,000 295,000 Total Current Assets 1,223,000 1,004,000
Fixed Expenses 35,000 35,000 Gross Fixed Assets 4,669,000 4,322,000
Depreciation Expense 239,000 223,000 Accumulated Depreciation 2,295,000 2,056,000
EBIT 418,000 303,000 Net Fixed Assets 2,374,000 2,266,000
Interest Expense 93,000 91,000 Total Assets 3,597,000 3,270,000
Earnings Before Taxes 325,000 212,000 Liabilities and Owners' Equity
Taxes 94,000 64,000 Accounts Payable 382,000 270,000
Net Income 231,000 148,000 Short-term Notes Payable 79,000 99,000
Accrued Expenses 159,000 114,000
Total Current Liabilities 620,000 483,000
Long-term Debt 1,023,000 967,000
Total Liabilities 1,643,000 1,450,000
Common Stock 819,000 808,000
Retained Earnings 1,135,000 1,012,000
Total Shareholder's Equity 1,954,000 1,820,000
Total Liabilities and Owners' Equity 3,597,000 3,270,000
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