Following is a partially completed balance sheet for Epsico Inc. at December 31, 2019, together with comparative

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Following is a partially completed balance sheet for Epsico Inc. at December 31, 2019, together with comparative data for the year ended December 31, 2018. From the statement of cash flows for the year ended December 31, 2019, you determine the following (amounts in thousands of dollars):

Net income for the year ended December 31, 2019, was $312.

Dividends paid during the year ended December 31, 2019, were $96.

Cash increased $96 during the year ended December 31, 2019.

The cost of new equipment acquired during 2019 was $180; no equipment was disposed of.

There were no transactions affecting the land account during 2019, but it is estimated that the fair market value of the land at December 31, 2019, is $480.

Required:

Complete the balance sheet at December 31, 2019.

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Accounting What the Numbers Mean

ISBN: 978-1260565492

12th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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