Accruals 1,610 1,910 Additional paid-in-capital 9,400 9,900 Cash ??? 13,000 Common stock at par @ $0.20 2,400 2,700 Net fixed assets 48,000 55,400 Gross fixed assets 55,400 ??? Inventory Long-term debt 5,595 5,100 17,960 18,650 Notes payable 4,800 4,100 Retained earnings 28,570 33,940 Net income 3,150 6,240 Depreciation expense 2,900 4,600 1) 980 2) 1,250 3) 870 4) 1,150 5) 1,060 6) None of the answers in this list is within $10 of the correct answer. Previous Page Next Page Page 9 of 41