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8. Mattix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance Assets Cash and cash equivalents $22 $23 39

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8. Mattix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance Assets Cash and cash equivalents $22 $23 39 43 587 359 $333 Accounts receivable 40 Inventory Property, plant and equipment 500 347 Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Accrued liabilities Income taxes payable $259 $30 15 39 $26 18 40 109 120 Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 51 50 89 $333 $259

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