5. Lise the following to answer the next 3 multiple choice questions Financial statements of Space...

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5. Lise the following to answer the next 3 multiple choice questions Financial statements of Space Cadet Corporation are as follows COMPARATIVE BALANCE SHEET Ending Beginning Assets Balance Balance Accounts receivable Cash and cash equivalents $40 538 Inventory 73 66 Plant and equipment 33 35 Accumulated depreciation 529 460 + Total Assets (296) (267) $379 $332 Accounts payable Liabilities and Stockholders' Equity $31 $26 Long-term debt 112 150 Common stock 82 80 Retained earnings 154 76 Total Liabilities and Stockholders' Equity $379 $332 INCOME STATEMENT Sales $941 Cost of Goods Sold 598 Gross Margin $343 Selling and administrative expenses 193 Net Operating Income $150 Income Taxes 45 $105 Net Income Cash Dividends were $27. 5. Lise the following to answer the next 3 multiple choice questions Financial statements of Space Cadet Corporation are as follows COMPARATIVE BALANCE SHEET Ending Beginning Assets Balance Balance Accounts receivable Cash and cash equivalents $40 538 Inventory 73 66 Plant and equipment 33 35 Accumulated depreciation 529 460 + Total Assets (296) (267) $379 $332 Accounts payable Liabilities and Stockholders' Equity $31 $26 Long-term debt 112 150 Common stock 82 80 Retained earnings 154 76 Total Liabilities and Stockholders' Equity $379 $332 INCOME STATEMENT Sales $941 Cost of Goods Sold 598 Gross Margin $343 Selling and administrative expenses 193 Net Operating Income $150 Income Taxes 45 $105 Net Income Cash Dividends were $27.