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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 $ (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,9001 Fixed costs $42,900 Selling, general, and administrative expenses $28,100 Depreciation $45,900 (Click on the following icon 2 in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,200 Notes payable Accounts receivable $27,900 Accounts payable Inventories $48, 100 Long-term debt Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation (-) $141,500 Retained earnings Intangible assets $81,800 Common stock $13,900 $19,100 $190,000 $131,800 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 12/31/2017 LIABILITIES $26,200 Notes payable $19,000 Accounts payable $53,100 Long-term debt $448,000 OWNERS' EQUITY Retained earnings $82,100 Common stock $12,000 $24,200 $162,000 $182,000
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