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Balance Sheet Calculations Dawson Company's balance sheet information at the end of 2016 and 2017 is as follows: 2016 2017 Current assets $ (a) $25,000
Balance Sheet Calculations
Dawson Company's balance sheet information at the end of 2016 and 2017 is as follows:
2016 | 2017 | |
Current assets | $ (a) | $25,000 |
Long-term liabilities | (b) | 34,900 |
Total contributed capital | (c) | (g) |
Long-term investments | 19,200 | (h) |
Retained earnings | 51,300 | 61,100 |
Total liabilities | (d) | (i) |
Intangible assets | 10,400 | 9,000 |
Current liabilities | 14,500 | 12,000 |
Common stock, $5 par | (e) | 20,000 |
Total assets | 142,800 | (j) |
Additional paid-in capital | 15,000 | (k) |
Property, plant, and equipment (net) | 85,700 | 92,800 |
Accumulated other comprehensive income | 7,000 | 6,000 |
Total shareholders' equity | (f) | (l) |
Additional information: The company did not issue any common stock during 2017.
Required:
Prepare the correct balance sheet. All the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)
DAWSON COMPANY | ||
Balance Sheet | ||
December 31 | ||
2016 | 2017 | |
Assets | ||
Current assets | $ | $ |
Long-term investments | ||
Property, plant, and equipment (net) | ||
Intangible assets | ||
Total assets | $ | $ |
Liabilities | ||
Current liabilities | $ | $ |
Long-term liabilities | ||
Total liabilities | $ | $ |
Shareholders Equity | ||
Common stock, $5 par | $ | $ |
Additional paid-in capital | ||
Total contributed capital | $ | $ |
Retained earnings | ||
Accumulated other comprehensive income | ||
Total shareholders' equity | $ | $ |
Total liabilities and shareholders' equity | $ | $ |
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