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Accounts payable Accruals Accumulated depreciation Additional paid in capital Beginning of year inventory Common stock ($2.00 par value) Cost of goods sold Current portion of
Accounts payable Accruals Accumulated depreciation Additional paid in capital Beginning of year inventory Common stock ($2.00 par value) Cost of goods sold Current portion of Long-term debt Gross accounts receivable Gross fixed assets Long-term debt (excluding current portion) Purchases Retained earnings Returns and allowances 49,500 14,200 358,400 216,000 348,600 162,000 1,026,800 12,800 162,200 1,035,700 543,200 1,019,400 236,100 2,100 87,800 Short-term bank loan Cash ??? 11. What did Jade's Jeans record as Total Current Assets on December 31, 2020 balance sheet? 12. What did Jade's Jeans record as Total Current Liabilities on December 31, 2020 balance sheet? 13. What did Jade's Jeans record as Total Assets on December 31, 2020 balance sheet? 14. What was Total Shareholder's Equity on Jade's Jeans December 31, 2020 balance sheet? 2 15. Jade's Jeans Company reported net income for 2020 of $71,800 and the company paid dividends of $0.60 per share in 2020. Given this information (along with the data provided above), compute what Jade's Jeans Company reported as retained earnings on its December 31, 2019 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2019 and December 31, 2020)
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