1, P1-69A (similar to) HW Score: 0%, 0 of 40 points O Points: 0 of 7 Save Summarized versions of Heartsong Corporation's financial statements for two recent years are as follows. (Click the icon to view the financial statements.) Requirement 1. Complete Heartsong Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Income Statement 2022 2021 (in Thousands) Revenues $ 15,250 Cost of goods sold 11,040 1,260 1,160 Other expenses Income before income taxes 1,580 1,820 637 Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income Dividends $ 2,700 (98) (110) Ending balance Balance Sheet Assets Cash Property, plant, and equipment 1,557 1,346 11,747 Other assets $ 14,373 Total assets Liabilities Current liabilities Long-term debt Other liabilities Total liabilities $ 5,600 4.250 3,380 955 1,100 $ 9.250 Clear all Check answer Question 1, P1-69A (similar to) HW Score: 0%, 0 of 40 points O Points: 0 of 7 Save Summarized versions of Heartsong Corporation's financial statements for two recent years are as follows. (Click the icon to view the financial statements.) Requirement 1. Complete Heartsong Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Ending balance Balance Sheet Assets Cash Property, plant, and equipment Other assets Total assets 1,557 1,346 11,747 14.373 Liabilities Current liabilities Long-term debt Other liabilities $ 5,600 4.250 3,380 955 1,100 Total liabilities S 9.250 Stockholders' equity: Common stock $ 350 $ 350 Retained earnings Other stockholders' equity 220 170 4,293 Total stockholders' equity Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities 950 Net cash used in investing activities (290) (400) Net cash used in financing activities (590) (550) Increase (decrease) in cash (130) 1,280 Cash at beginning of year Cash at end of year End of Data table HW Score: 0%, 0 of Question 1 P1.60 2022 2021 Income Statement (in Thousands) Revenues $k$ 15.250 Cost of goods sold 11,040 1,260 1,160 Other expenses Income before income taxes 1,580 1,820 637 Income taxes (35%) Net income Statement of Retained Earnings $m $b Beginning balance Net income Dividends declared Ending balance Balance Sheet Sn $ 2.700 (98) (110) Sp $d Assets Cash Property, plant, and equipment 1,557 So 1.346 11,747 Other assets Total assets Liabilities Current liabilities Long-term debt Other liabilities $ $ 14,373 $1$ 5,600 4,250 3,380 955 1,100 Total liabilities $ 9.250 Stockholders' equity: Common stock Retained eamings $ 350 $ 350 u 9 220 170 Other stockholders' equity Calculator Print Done Clear all Check Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings $t $ 5,600 4,250 3,380 955 1,100 9,250 $f EA $ 69 350 $ 350 = g 220 170 Other stockholders' equity V 4,293 Total stockholders' equity $w $h Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash Cash at beginning of year Cash at end of year $ x $ 950 (290) (400) (590) (550) (130) i y 1,280 $ z $j