Chapter 12 Connect Assignment 6 Saved Help Save & Exit Check my XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Balance Sheet at December 31 16.7 points eBook Pont References Cash Accounts Receivable Inventory Equipment Accumulated Depreciation-Equipment Total Assets Accounts Payable Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earnings Current Year Previous Year $ 34,480 35,400 $ 29,500 28,200 41,400 124,000 (30,400) 38,200 102,000 (25,200) $204,880 $172,700 $36,400 $27,200 1,280 1,500 39,800 46,000 89,800 72,800 37,600 25,200 Total Liabilities and Stockholders' Equity $ 204,880 $172,700 Mc Graw Hill Income Statement Service Revenue Cost of Goods Sold Other Expenses Net Income Additional Data: a. Bought equipment for cash, $22,000. Daid 300 on the Innn.term noter naushle $122,000 71,000 38,600 $ 12,400 < Prev 6 of 6 Next >