a. Construct the statement of stockholders equity for December 31, 2016. No common stock was issued during 2016.

b. How much money has been reinvested in the firm over the years?

c. At the present time, how large a check could be written without it bouncing?

d. How much money must be paid to current creditors within the next year?

Davidson Corporation: Balance Sheet as of December 31, 2014 (Millions of Dollars) AssetS Cash and equivalents $20 Accounts payable Accounts receivable Inventories Liabilities and Equity $150 220 250 $620 1,480 510 Notes payable 880 Accruals Total current assets Net plant and equipment $1,410Total current liabilities 2,570 Long-term bonds $2,100 Total debt Common stock (100 million shares) Retained earnings 280 1,600 $1,880 $3,980 Common equity Total assets Davidson Corporation: Income Statement for Year Ending December 31, 2014 (Millions of Dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net income Common dividends paid Earnings per share $3,980Total liabilities and equity $7,750 5,037.5 $2,712.5 542.5 $2,170 189 $1,981 792.4 $1,188.6 $772.59 $11.886