P18-6A The comparative statements of Dillon Company are presented below.
P18-6AThe comparative statements of Dillon Company are presented below.DILLON COMPANYIncome StatementFor the Year Ended December 31Douglas Company Maulder Company2009 2008 2009 2008Net sales $1,549,035 $339,038 Cost of goods sold 1,080,490 241,000 Operating expenses 302,275 79,000 Interest expense 8,980 2,252 Income tax expense 54,500 6,650 Current assets 325,975 $ 312,410 83,336 $ 79,467Plant assets (net) 521,310 500,000 139,728 125,812Current liabilities 65,325 75,815 35,348 30,281Long-term liabilities 108,500 […]