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2. Balance sheet X The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on

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2. Balance sheet X The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet and other financial statements to make several interpretations regarding the company's fancial condition and performance Blue Hamster Manufacturing Inc hypothetical company, Suppose it has the following balance sheet Remis reported at the end of its fint year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet Blue Hamster Manufacturing Inc. Balance Sheet for Year Ending December 31 (Millions of Dollars) Year 2 Year 1 Year 2 Year 1 Assets Latities and equity Current assets Current liabilities: Cash and equivalents 59.690 Accounts payable $0 $0 Accounts receivable 1.688 1,350 Accruals 234 0 Inventories 4,950 3,960 Notes payable 1,328 1,250 Total current assets $11,250 59,000 Total current abilities $1,250 Net fixed assets Long term debt 4,658 3,750 Net plant and equipment $11,000 Total debt 56,250 $5,000 Common equity Common stock 12,188 9,750 Retained earnings 5.250 Total common equity $18.750 $15,000 Total assets $25,000 $20,000 Total saboties and equity $25,000 $20,000 Tar has a shares of common stock

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