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At year-end 2002, Yang.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $2000 Corresponding entries for 2003 are $1600, $2000,

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At year-end 2002, Yang.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $2000 Corresponding entries for 2003 are $1600, $2000, and $3000. Asset values are below. During 2008 Yung.com had sales of $5000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 34% and all taxes are paid currently Current Asset 2002 2003 Cash $400 300 800 2000 Marketable securities Accounts receivable Inventory Fixed Assets Net Fixed Asset (Plant&Equipment) $300 400 900 1000 $7000 $7000 In 2003, the Owner Stockholders Equity is 5

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