Prepare the shareholders’ equity section of the balance sheet.

Use the following information:Tidrick Manufacturing Company has just completed its first year of operation on December 31, 2019. It has the following accounts in the general ledger. The bookkeeper is unsure which accounts to show on the balance sheet and which accounts to report on the income statement. All amounts are in thousands of dollars

Transcribed Image Text:

$ 6,316 $ 580 $ 362 Paid-in Capital in Excess of Par-Common Stock $ 3,234 Allowance for Uncollectible Accounts $ Accounts Payable Accumulated Depreciation, Building Accumulated Depreciation, Machinery Bonds Payable Building Cash Common Stock Copyright Cost of Goods Sold Deferred Income Taxes Payable Discount on Bonds Payable Dividends Payable Finished Goods Inventory Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Land Land Held for Speculation Machinery Notes Payable due in 90 Days Notes Payable due in 10 years Preferred Stock Prepaid Insurance Prepaid Rent Purchase Discounts Raw Materials Inventory Rent Expense Retained Earnings Sales Sales Discounts Sales Returns and Allowances Selling and Administrative Expenses Supplies Trading Securities Wages Payable Work-in-Process Inventory 45 $ 1,580 $ 3,340 $ 4.317 $ 30 391 $33,892 $ in in $ SSSSS $ $ $ 30 75 130 30 $ 1,079 $ 1,300 $ 400 $ 308 $ 2,510 $ 2,500 $ 1,879 $ 1,570 $ 2,600 $ 20 $ 500 $ 941 $ 180 $ 87 $ 600 $ 3,996 $43,068 $ 1,414 $ 210 $ 2,700 $ 78 $ 835 $ 580 $ 210