Refer to the information below for Nederland Consumer

Nederland Consumer Products Company

Income Statement for the Fiscal Year

Ended September 30, 2014

Net sales

$51,407

Cost of products sold

$25,076

Gross margin

$26,331

Marketing, research, administrative exp.

$15,746

Depreciation

$758

Operating income (loss)

$9,827

Interest expense

$629

Other nonoperating income (expense), net

$152

Earnings (loss) before income taxes

$9,350

Income taxes

$2,869

Net earnings (loss)

$6,481

Nederland Consumer Product Company

Balance Sheet as of September 30, 2014

Assets:

Liabilities and Equity:

Cash and cash equivalents

$5,469

Accounts payable

$3,617

Investment securities

423

Accrued and other liabilities

7,689

Accounts receivable

4,062

Taxes payable

2,554

Inventory

4,400

Debt due within one year

8,287

Deferred income taxes

958

Total current liabilities

$22,147

Prepaid expenses and other receivables

1,803

Long-term debt

12,554

Total current assets

$17,115

Deferred income taxes

2,261

Property, plant, and equipment, at cost

25,304

Other noncurrent liabilities

2,808

Less: Accumulated depreciation

11,196

Total liabilities

$39,770

Net property, plant, and equipment

$14,108

Convertible class A preferred stock

1,526

Net goodwill and other intangible assets

23,900

Common stock

2,141

Other noncurrent assets

1,925

Retained earnings

13,611

Total shareholders’ equity (deficit)

$17,278

Total assets

$57,048

Total liabilites and shareholders’ equity

$57,048