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Assets Liabilities and Equity Cash and equivalents $ 10 Accounts payable $ 130 Accounts receivable 555 Accruals 270 Inventories 870 Notes payable 210 Total current

Assets Liabilities and Equity Cash and equivalents $ 10 Accounts payable $ 130 Accounts receivable 555 Accruals 270 Inventories 870 Notes payable 210 Total current assets $ 1,435 Total current liabilities $ 610 Net plant and equipment 2,405 Long-term bonds 1,480 Total liabilities $ 2,090 Common stock (100 million shares) 250 Retained earnings $ 1,500 Common equity $ 1,750 Total assets $ 3,840 Total liabilities and equity $ 3,840 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales $ 7,000 Operating costs excluding depreciation and amortization 4,660 EBITDA $ 2,340 Depreciation and amortization 150 EBIT $ 2,190 Interest 210 EBT $ 1,980 Taxes

EBT $ 1,980
Taxes (25%) 495
Net income $ 1,485
Common dividends paid $ 677
Earnings per share $ 14.85

Construct the statement of stockholders' equity for December 31, 2021. No common stock was issued during 2021. Write out all your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar.

Common Stock Retained Total Stockholders'
Shares Amount Earnings Equity
Balances, 12/31/20 $ $ $
2021 Net income
Cash dividends
Addition to RE
Balances, 12/31/21 $ $ $

Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25.

How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary.

$ million

At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, if necessary.

$ million

How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary.

$ million

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