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15. Selected amounts from the condensed financial statements of Depew Corporation for 20x1 and 20x2 are presented below with several amounts missing. The 20x0 year-end
15. Selected amounts from the condensed financial statements of Depew Corporation for 20x1 and 20x2 are presented below with several amounts missing. The 20x0 year-end balance of retained earnings is $82,883. Income Statement 20x2 20x1 $490,304 Revenues Costs and Expenses Income Taxes Net Income (501,295) (3.603) 853 Statement of Retained Earnings Beginning-of-Year Balance Net Income Dividends 3,747 (3.845) End-of-Year Balance Balance Sheet Total Assets 255473 $246,481 Total Liabilities Common Stock Retained Earnings $110,192 57,968 $102,239 56,800 Total Liabilities and 246,48) Stockholders' Equity 55 4 a. Determine the missing amounts indicated by the letters. (Hint: You should not try to find them in alphabetical order.) b. Given the data presented, did the company's profitability improve from 20x1 to 20x2? Would you characterize the company as a 'growth" company? Why or why not
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