The Davidson Corporation€™s balance sheet and income statement are provided here.a. Construct the statement of stockholders€™ equity for December 31, 2018. No common stock was issued during 2018.
b. How much money has been reinvested in the firm over the years?
c. At the present time, how large a check could be written without it bouncing?
d. How much money must be paid to current creditors within the next year?

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Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Liabilities and Equity $ 15 $ 120 Cash and equivalents Accounts payable Accounts receivable Accruals 515 280 880 Notes payable Inventories 220 $ 620 Total current liabilities Total current assets $1,410 Net plant and equipment Long-term bonds 2,590 1,520 $2,140 Total liabilities Common stock (100 million shares) 260 Retained earnings 1,600 Common equity $1,860 Total assets Total liabilities and equity $4,000 $4,000 Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Sales $ 6,250 Operating costs excluding depreciation and amortization 5,230 EBITDA $ 1,020 Depreciation and amortization 220 EBIT $ 800 Interest 180 EBT $ 620 Taxes (40%) 248 Net income $ 372 Common dividends paid $ 146 Earnings per share $ 3.72