20231212_091448_12_12_2023_09_27

Paddleboard Inc began operations on January 1, 2022 1ts Post-closing trial balance at December 31, 2022 and 2023, is shown below along with some other information Income Stat ement For Year Ended December 31, 2023 DO ST (000s) g Revenues : Sales $3,764 Cost of goods sold 1 » 826 Gross Profit 1,938 Expenses : Other expenses $ 720 Depreciation expense 190 Total operating expenses 910 Profit from operations 1,028 Income tax expense 238 Profit $ 79 Paddleboard Tnc. Post-Closing Trial Balance (000s) December 31 Account 2023 2022 Cash $2,680 $1,820 Receivables 2,780 2,060 Merchandise inventory 2,540 3,020 Property, plant and equipment 3,020 2,700 1.900 1.710 Accumulated denreciation