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BALANCE SHEET The following information has been collected for Rope and Tow, a roadside assistance company for the vear ending Dec 31, 2021 . Calculate

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BALANCE SHEET The following information has been collected for Rope and Tow, a roadside assistance company for the vear ending Dec 31, 2021 . Calculate the balance sheet for 2021. Include sub-totals for current assets, fixed assets, and current liabilities. Include and solve for the Retained Earnings account. Balarece Sheet as of Dec,31 2021 Additional Balance Sheet Questions: 1. The values for fixed assets on the balance sheet are listed at NET BOOK VALUE. a. True b. False 2. NET BOOK VALUE = ORIGINAL COST + ACCUMULATED DEPRECIATION a. True b. False 3. Is the MARKET VALUE of a company generally higher or lower than the NET BOOK VALUE? a. Higher b. Lower 4. Who determines the MARKET VALUE of company? a. auditors b. SEC c. investors - by setting the stock price by what they are willing to pay INCOME STATEMENT The following information has been collected for Busy Beak, Inc.. a new bird seed manufacturing comnany for the year 2021 . Calculate the income statement for both years. Include subtotals for EBIT and EBT. Included dividends paid and addition to Retained Earnings. Income Statemeat 20202021 BAL ANCE SHEET The following information has been collected for Rope and Tow, a roadside assistance comnanv for the vear ending Dec 31,2021 . Calculate the balance sheet for 2021. Include sub-totals for current assets, fixed assets, and current liabilities. Include and solve for the Retained Earnings account. Balaree Sheet as of Dec. 312021

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