A) As of Oct. 1, 2022 the manufacturing company ABC Inc, has the following assets and liabilities (all figures in millions of dollars) given in the table below. This company has issued 40000 shares of 6% Preferred stock $100 par. The company's number of common stocks outstanding is 2000000 with $1 par value. Common stocks were initially sold at $9 a share when company went public.

Prepare the balance sheet for ABC Inc.

Item Value Item Value

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Equipment 7 -----------------Building 12

Cash 2 -------------------------Cash equivalent 1

Account receivable ------------- 3 Account payable 3

Inventory 3 -------------------Loan from Bank @ 5% 3

10 year 6% Bond 5 -----------------------Land 6

Wages payable 3 ------------------Goodwill and patents 3

Retained earnings 1

B)

Use the following figures (in millions of dollars) for ABC Inc. Determine two items that are left blank and prepare the company's Income Statement and compute its EPS. Figures are for the company's fiscal year that ended Oct. 1, 2022.

Item Amount

Net Sales 8

Cost of Raw materials 2

Energy Costs & Utilities 0.5

Wages and Salaries 2

Operating Expenses 0.5

Interest Expenses : ?

Taxes 0.5

Preferred Dividend : ?