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532 0TJ Van Auken Lumber's 2016 financial statements are shown below. Van Auken Lumber: Balance Sheet as of December 31, 2016 (Thousands of Dollars) xcess
532 0TJ Van Auken Lumber's 2016 financial statements are shown below. Van Auken Lumber: Balance Sheet as of December 31, 2016 (Thousands of Dollars) xcess Capacity 1,800 Accounts payable 10,800 Notes payable 12.600Line of credit s 7.20 3A72 Receivables Total current assets$25,200 Total current liabilities Mortgage bonds Common stock Retained earnings Net fixed assets 21,600 $13,192 Total assets $46 800 Total liabilities and equity $46,800 Adken Lumber Tncome Statement for December 31, 2016 Thoussnds of Dollars) Sales Operating costs Earnings before interest and taxes $36,000 s 5,217 2 Interest Pre-tax earnings Taxes (40%) Net income Dividends (60%) $ 4,500 1,800 S 2,700 S 1,620 S 1,080 Addition to retained earnings
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