Chapter 14 Connect Assignment Saved 6 Based on the Information in the table below, prepare comparative balance sheets for Windswept Woodworks, Inc. for years 1 and 2. (Round your answers to the nearest whole number.) 1 points eBook Print windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Year 1 Accounts payable 442 374 Accounts receivable 1,376 910 Accumulated depreciation 6,842 6,712 Cash & equivalents 230 118 Common stock 1,280 1,200 Cost of goods sold 1,500 n.a. Depreciation expense ? n.a. Common stock dividends paid ? n.a. Interest expense 140 n.a. Inventory 1,112 1,186 Addition to retained earnings 602 n.a. Long-term debt 908 816 Notes payable 230 380 Gross plant & equipment 10,260 10,000 Retained earnings 3,158 2,556 sales 3,018 n.a. Other current liabilities 116 96 Tax rate 34% n.a. Market price per share - year end $ 19.80 $ 17.50 Number of shares outstanding 500 million 500 million References Assets Liabilities and Equity Year 2 Year 1 Year 2 Year 1 $ $ $ Current assets Cash &equivalents Accounts receivable Inventory Total current assets $ $ $ $ $ $ Liabilities Accounts payable Notes payable other current liabilities Total current Liabilities Long-term debt Total Liabilities $ $ $ $ $ $ $ $ $ $ $ $ $ Fixed assets Gross plant & equipment Accumulated depreciation Net plant and equipment $ $ $ $ $ Owners' equity Common stock Retained earnings Total equity $ $ $ Total assets $ $ $ $ Total liabilities and equity $ $