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answer the following questions. Following is a partially completed balance sheet for Epsico Inc. at December 31, 2019, together with comparative data for the year

answer the following questions.

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Following is a partially completed balance sheet for Epsico Inc. at December 31, 2019, together with comparative data for the year ended December 31, 2018. From the statement of cash flows for the year ended December 31, 2019, you determine the following (amounts in thousands of dollars): Net income for the year ended December 31, 2019, was $156. Dividends paid during the year ended December 31, 2019, were $48. Cash increased $48 during the year ended December 31, 2019. The cost of new equipment acquired during 2019 was $90; no equipment was disposed of. There were no transactions affecting the land account during 2019, but it is estimated that the fair market value ofthe land at December 31, 2019, is $252. Required: Complete the balance sheet at December 31, 2019. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Assets Current assets Liabilities and Stockholders' Equity Current liabilities Note payable Accounts receivable 720 Accounts payable 660 Inventory 1,446 1,380 Total current liabilities Total current assets $ 2,280 Long-term debt Total liabilities Stockholders' Equity Common stock $ 1,380 Less: Accumulated depreciation (1 ,080) Total land & equipment - Total assets - (960) Retained earnings 1,440 Total stockholders' equity Total liabilities & stockholders' equity

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