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Accounts payable 1,028,700 Accruals 462,300 Accumulated depreciation 2,235,000 Additional paid in capital 18,179,000 Beginning of year inventory 8,456,000 Common stock ($1.60 par value) 16,200,000 Cost

Accounts payable

1,028,700

Accruals

462,300

Accumulated depreciation

2,235,000

Additional paid in capital

18,179,000

Beginning of year inventory

8,456,000

Common stock ($1.60 par value)

16,200,000

Cost of goods sold

71,729,000

Current portion of Long-term debt

3,330,000

Gross accounts receivable

2,875,000

Gross fixed assets

83,159,600

Long-term debt (excluding current portion)

45,743,000

Purchases

74,384,000

Retained earnings

10,008,000

Returns and allowances

21,000

Short-term bank loan

368,700

Cash

???

1. What did Jades Jeans record as Total Current Assets on December 31, 2016 balance sheet?

2. What did Jades Jeans record as Total Current Liabilities on December 31, 2016 balance sheet?

3. What did Jades Jeans record as Total Assets on December 31, 2016 balance sheet?

4. What was Total Shareholders Equity on Jades Jeans December 31, 2016 balance sheet?

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