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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.) Complete the balance sheet for 2016: (Round to the nearest dollar.) Balance Sheet 12/31/2016 $14,000 $19,200 ASSETS Current assets Cash Accounts receivable Inventories Total current assets Fixed assets Accumulated depreciation (-) Intangible assets LIABILITIES Current liabilities $16,100 Notes payable $28,200 Accounts payable $47,800 Total current liabilities Long-term debt $367,800 OWNERS' EQUITY $143,300 Retained earnings $82,100 Common stock TOTAL LIABILITIES AND OWNERS' EQUITY $190,100 $131,900 TOTAL ASSETS Complete the balance sheet for 2017: (Round to the nearest dollar.) $12,200 $23,900 ASSETS Current assets Cash Accounts receivable Inventories Total current assets Fixed assets Accumulated depreciation (-) Intangible assets Balance Sheet 12/31/2017 LIABILITIES Current liabilities $26,200 Notes payable $18,900 Accounts payable $52,900 Total current liabilities Long-term debt $448,100 OWNERS' EQUITY Retained earnings $82,000 Common stock TOTAL LIABILITIES AND OWNERS' EQUITY $161,800 $ $182,000 TOTAL ASSETS $ i Data Table - Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $142,000 Fixed costs $43,000 Selling, general, and administrative expenses $28,200 Depreciation $46,000 ASSETS Partial Balance Sheet 12/31/2016 LIABILITIES $16,100 Notes payable $28,200 Accounts payable $47,800 Long-term debt $367,800 OWNERS' EQUITY $143,300 Retained earnings $82,100 Common stock Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets $14,000 $19,200 $190,100 $131,900 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 12/31/2017 LIABILITIES $26,200 Notes payable $18,900 Accounts payable $52,900 Long-term debt $448,100 OWNERS' EQUITY Retained earnings $82,000 Common stock $12,200 $23,900 $161,800 $182,000
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