The Davidson Corporation’s balance sheet and income statement are provided here.

a. Construct the statement of stockholders’ equity for December 31, 2021. No common stock was issued during 2021.

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, 2021 (millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 15 515 880 $1,410 2,590 $4,000 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total liabilities and equity $ 120 280 220 $ 620 1,520 $2,140 260 1,600 $1,860 $4,000