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  • Grace Shirley 
  • Revenue:
  • Expense:
  • Net Income
  • Eric had to finish making an income statement for the company he works for by the end of this week so they can make a business plan.
  • When he finally finishes that after a couple of hours his boss tells him to work on a balance sheet too.
  •  His boss was happy that the income statement came to show a net income instead of a net loss.
  • The balance sheet was taking a while to make because people weren't getting the numbers to him soon enough. 
  • Just as Eric was about to finish the balance sheet, a co-worker came and gave him an updated list of the company's liabilities.
  • So in all it took Eric 3 days to finish the balance sheet.
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