1.What was VICs Dividend in 2020 (5 points)? (Hint: do the Balance Sheet first)

2.Construct Balance Sheets for 2019 and 2020 Assets Liabilities and Owners Equity

2020 2019 2020 2019

Financial information for VIC Accounts Payable Accounts Receivable Cash Common Stock Cost of Goods Sold Current Portion of Long-term Debt Depreciation Expense Dividend Goodwill* Interest Expense Inventory Long-Term Debt Net Property, Plant & Equipment Research & Development Expense Restructuring Expense (one-time charge) Retained Earnings Revenue Selling General & Admin Expense Treasury Stock Tax Rate = 20% 2020 $ 4,000 1,150 4,000 1,500 15,200 2,100 1,750 _? 6,000 1,500 1,260 9,650 12,850 1,200 0 2019 $ 3,750 970 3,600 1,100 14,100 0 1,700 220 5,350 1,400 1,210 ? 11,900 1,100 0 ? 25,100 4,500 (1,000) 26,500 4,700 (1,500). 2018 Retained Earnings = $6,500 *Note that an increase in Goodwill is considered an Investing Cash Flow (like Net PP&E) Financial information for VIC Accounts Payable Accounts Receivable Cash Common Stock Cost of Goods Sold Current Portion of Long-term Debt Depreciation Expense Dividend Goodwill* Interest Expense Inventory Long-Term Debt Net Property, Plant & Equipment Research & Development Expense Restructuring Expense (one-time charge) Retained Earnings Revenue Selling General & Admin Expense Treasury Stock Tax Rate = 20% 2020 $ 4,000 1,150 4,000 1,500 15,200 2,100 1,750 _? 6,000 1,500 1,260 9,650 12,850 1,200 0 2019 $ 3,750 970 3,600 1,100 14,100 0 1,700 220 5,350 1,400 1,210 ? 11,900 1,100 0 ? 25,100 4,500 (1,000) 26,500 4,700 (1,500). 2018 Retained Earnings = $6,500 *Note that an increase in Goodwill is considered an Investing Cash Flow (like Net PP&E)