Question
Balance sheet. Use the data from the following financial statements in the popup window, LOADING... . Complete the balance sheet. Hint: Find the accumulated depreciation
Balance sheet. Use the data from the following financial statements in the popup window,
LOADING...
. Complete the balance sheet.Hint:Find the accumulated depreciation for 2014 first.
The accumulated depreciation for 2014 is
$nothing.
(Round to the nearest dollar.)
Data Table
Partial Income Statement Year Ending 2014 | |
Sales revenue | $350,100 |
Cost of goods sold | $142,000 |
Fixed costs | $43,100 |
Selling, general, and administrative expenses | $28,200 |
Depreciation | $46,000 |
Partial Balance Sheet 12/31/2013 | |||
ASSETS |
| LIABILITIES |
|
Cash | $16,100 | Notes payable | $14,100 |
Accounts receivable | $28,000 | Accounts payable | $18,800 |
Inventories | $47,800 | Long-term debt | $190,100 |
Fixed assets | $368,000 | OWNERS' EQUITY |
|
Accumulated depreciation (-) | $140,400 | Retained earnings |
|
Intangible assets | $81,900 | Common stock | $131,800 |
Partial Balance Sheet 12/31/2014 | |||
ASSETS |
| LIABILITIES |
|
Cash | $26,000 | Notes payable | $11,800 |
Accounts receivable | $19,100 | Accounts payable | $23,900 |
Inventories | $53,100 | Long-term debt | $162,100 |
Fixed assets | $448,100 | OWNERS' EQUITY |
|
Accumulated depreciation (-) |
| Retained earnings |
|
Intangible assets | $81,900 | Common stock | $182,000 |
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