Balance Sheet 3-Dudes, Inc. Liabilities & Owners' Equity: Assets: 2021 2022 $22,000 $18,000 $26,000 $30,000 $28,000 $31,000 $76,000 $79,000 2022 $45,000 $220,000 $195,000Notes Pay $27,000 $292,000...


Balance Sheet<br>3-Dudes, Inc.<br>Liabilities & Owners' Equity:<br>Assets:<br>2021<br>2022<br>$22,000 $18,000<br>$26,000 $30,000<br>$28,000 $31,000<br>$76,000 $79,000<br>2022<br>$45,000<br>$220,000 $195,000Notes Pay<br>$27,000<br>$292,000 $246,000Total CL<br>2021<br>Cash<br>$21,000Accts Pay<br>Accts. Rec.<br>$30,000Other CL<br>Inventories<br>Total CA<br>$600,000 $570,000LT Debt<br>-$210,000 -$190,000Total Liab<br>$390,000 $380,000<br>$285,000 $250,000<br>$361,000 $329,000<br>PP&E<br>Depreciation<br>Net PP&E<br>$80,000 $80,000<br>Equity<br>$626,000Ret Earn.<br>Total equity<br>Total Liab+EQ<br>$241,000 $217,000<br>$321,000 $297,000<br>$682,000 $626,000<br>Total Assets<br>$682,000<br>Simplified Income Statement - 2022<br>3-Dudes, Inc<br>$1,200,000<br>-$470,000<br>$730,000<br>Revenue<br>Cost of Goods Sold<br>Gross Profit<br>Operating Expenses (G&A):<br>Earnings before interest and taxes (EBIT)<br>Interest charges:<br>Earnings before taxes (EBT)<br>Taxes<br>-$260,000<br>$470,000<br>-$28,000<br>$442,000<br>-$132,600<br>$309,400<br>Net Income<br>

Extracted text: Balance Sheet 3-Dudes, Inc. Liabilities & Owners' Equity: Assets: 2021 2022 $22,000 $18,000 $26,000 $30,000 $28,000 $31,000 $76,000 $79,000 2022 $45,000 $220,000 $195,000Notes Pay $27,000 $292,000 $246,000Total CL 2021 Cash $21,000Accts Pay Accts. Rec. $30,000Other CL Inventories Total CA $600,000 $570,000LT Debt -$210,000 -$190,000Total Liab $390,000 $380,000 $285,000 $250,000 $361,000 $329,000 PP&E Depreciation Net PP&E $80,000 $80,000 Equity $626,000Ret Earn. Total equity Total Liab+EQ $241,000 $217,000 $321,000 $297,000 $682,000 $626,000 Total Assets $682,000 Simplified Income Statement - 2022 3-Dudes, Inc $1,200,000 -$470,000 $730,000 Revenue Cost of Goods Sold Gross Profit Operating Expenses (G&A): Earnings before interest and taxes (EBIT) Interest charges: Earnings before taxes (EBT) Taxes -$260,000 $470,000 -$28,000 $442,000 -$132,600 $309,400 Net Income
3. Calculate dividends<br>Net Income<br>- Change in Retained Earnings<br>(+ or - in RE changes dividends)<br>Dividends<br>

Extracted text: 3. Calculate dividends Net Income - Change in Retained Earnings (+ or - in RE changes dividends) Dividends

Jun 05, 2022
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