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A company reports the following amounts at the end of the year (all amounts in $000): Cash $23,430 Depreciation Expense $4,100 Taxes Payable $712 Mortgage

A company reports the following amounts at the end of the year (all amounts in $000):

Cash $23,430 Depreciation Expense $4,100 Taxes Payable $712
Mortgage Payable $43,500 Land $62,000 Treasury Stock $2,210
Sales Discounts and Returns $1,258 Accounts Receivable $5,292 Supplies Expenses $355
Bonds Payable $38,000 Accumulated Depreciation $17,250 Income Tax Expense $780
Equipment $29,300 Interest Expense $2,900 Notes Payable $11,000
Cost of Goods Sold $18,344 Current Portion of Bonds Payable $6,200 Current Portion of Mortgage Payable $2,350
Product Sales (Gross) $56,145 Utilities Expense $950 Inventory $12,500
Discount of Bonds Payable $970 Salaries Expense $14,100 Revenues from Software Licenses $1,050
Buildings $52,000 Goodwill $350 Advertising Expenses $5,340
Sales Expenses $7,200 Salaries Payable $412 Marketable Securities $3,450
Accounts Payable $5,340 PrePaid Expenses $750 Deferred Revenues $1,920

In addition, the company had common stock of $42,000 at the beginning of the year and issued an additional $3,500 during the year. The company also had retained earnings of $19,700 at the beginning of the year and declared dividends of $1,500 during the year.

Using the account information above develop a Balance Sheet and Income Statement, then answer the next seven questions. The list of accounts is complete so your balance sheet should balance if you have performed the work correctly.

Question #1: Calculate the Net Income After Interest and Taxes.

Question #2: Calculate the Total Amount of Current Assets.

Question #3: Calculate the Total Amount of Current Liabilities.

Question #4: Calculate the Total Assets.

Question #5: What is the total amount of the stockholders equity.

Question #6: What is the amount of Long-Term Liabilities

Question #7: What is the company's Return on Equity (ROE).

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