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Balance sheet. Use the data from the following financial statements in the popup window, B. Complete the balance sheet. Hint Find the accumulated depreciation for
Balance sheet. Use the data from the following financial statements in the popup window, B. Complete the balance sheet. Hint Find the accumulated depreciation for 2017 first The accumulated depreciation for 2017 is $ 190000. (Round to the nearest dollar) Cash $13,800 $19,100 Complete the balance sheet for 2016: (Round to the nearest dollar.) Balance Sheet 12/31/2016 ASSETS LIABILITIES Current assets Current liabilities $16,100 Notes payable Accounts receivable $28,100 Accounts payable Inventories $47,900 Total current liabilities Total current assets Long-term debt Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation (-) $143,900 Retained earnings Intangible assets $82,200 Common stock TOTAL LIABILITIES AND TOTAL ASSETS OWNERS' EQUITY $190,000 $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,900 Fixed costs $43,200 Selling, general, and administrative expenses $27,800 Depreciation $46,100 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $28,100 Accounts payable Inventories $47,900 Long-term debt Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation (-) $143,900 Retained earnings Intangible assets $82,200 Common stock $13,800 $19,100 $190,000 $131,800 JASSETS LIABILITIES Cash Accounts receivable $13,800 $19,100 $190,000 Inventories $16,100 Notes payable $28,100 Accounts payable $47,900 Long-term debt $367,800 OWNERS' EQUITY $143,900 Retained earnings $82,200 Common stock Fixed assets Accumulated depreciation (-) Intangible assets $131,800 ILITIES (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,200 Notes payable Accounts receivable $18,800 Accounts payable Inventories $52,900 Long-term debt Fixed assets $447,800 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $81,800 Common stock $11,800 $24,100 $161,800 $181,900
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