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6 J . Clark InC. ( JCI ) , a manufacturer and distributer of J . Clark inc. ( JCl ) , a manufacturer and

6 J. Clark InC. (JCI), a manufacturer and distributer of J. Clark inc. (JCl), a manufacturer and distributer of sports equipment, has grown until it has become a stable, mature company, Now
JCI is planning its first distribution to shareholders. Shown below are the most recent year's financial statements and projections for
the next year, 2024(JCI has a fiscal year ending on Jupe 30). JCl plans to liquidate $500 million of its short-term securities and
distribute them on July 1,2024, the first day of the next fiscal year, but has not yet decided whether to distribute with dividends or with
stock repurchases.
a. Assume fist that JCi distributes the $500 mition as dividends. Fill in the missing values in the batance sheet column
for July 1,2024, that is labeled "Distribute as Dividends. Hint Be sure that the balance sheets balance after you fill in
the rissing thems. Aiso, assume jci did not have to estabtish an account for dividends payable prior to the distribution.)sports equipment, has grown until it has become a stable, mature company. Now
7JCl is planning its first distribution to shareholders. Shown below are the most recent year's financial statements and projections for
8 the next year, 2024(JCI has a fiscal year ending on Jupe 30). JCI plans to liquidate $500 million of its short-term securities and
9 distribute them on July 1,2024, the first day of the next fiscal year, but has not yet decided whether to distribute with dividends or with
10 stock repurchases.
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