Accounting CHAPTER TT Managing Dustness harcos Analytical Skills: Balance Sheet and Income Statement DIRECTIONS: The Sunshine Wallhard Company has plan you its most recent Malance sheet and Inco t ement, they incomplete. Por in the lig information and are the questions that follow SUNSHINE WALLBOARD COMPANY Balance Sheet September 30, 20- (in thousands of dollars ASSETS: Current Assets Cash $52.000 Accounts Receivable 24,500 Inventory Total Current Assets Plant and Equipment Assets Machinery and Equipment 20.500 Buildings 10.000 Land 32.000 Total Plant and Equipment Assets TOTAL ASSETS LIABILITIES AND STOCKHOLDER'S EQUITY: Current Liabilities front, wages) 10.700 Long-term Liabilities (mortgage 4900 Total Liabilities Stockholder's Equity Common Stock: 20.000.000 shares. $0.50 per share" Earnings Retained by Company 131,400 Total Stockholder's Equity TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY "To the he a t her of shared by the share Remember the other hands dos duction to Business C 17 119