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6:56 Section 12 assignment_59fd26a5... Dividends declared & paid -2023 Dividends declared & paid -2022 Pluto's Pet Store Limited Youssef & Emma have just won the
6:56 Section 12 assignment_59fd26a5... Dividends declared & paid -2023 Dividends declared & paid -2022 Pluto's Pet Store Limited Youssef & Emma have just won the lottery & have been approached by a local company looking for them to provide them with a loan. Pluto's is looking for a $200,000 loan so they can purchase a new building. Emma & Youssef know that you are currently taking an accounting course & have come to you for assistance. They have provided you with the income statement, balance sheet & statement of cash flows for the last 2 years for the company, Pluto's Pet Store Limited, as well as some selected industry averages for 2023. Additional information: Pluto's Pet Store has 10,000 common shares outstanding at December 31, 2022 & 2023. The market value of the shares was $15/ share at December 31, 2022 & $12/share at December 31, 2023. Selected data from December 31, 2021 year end financial statements: Accounts receivable $ 36,000 Inventory 90,000 Total assets 308,600 Accounts payable 58,900 Sharehol
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