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Chapter 5; Question 4 (page 176 of your text) Review the Condensed Income Statement and Statement of Retained Earnings for Ortega's Pizza below, then answer

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Chapter 5; Question 4 (page 176 of your text) Review the Condensed Income Statement and Statement of Retained Earnings for Ortega's Pizza below, then answer the subsequent questions: Rubric: Tables worth 2.5 points each, each question "a" through "e" worth 1 point each found on page 176 of your text under question 4. Using that information, complete the table Ortega's Pizza Balance Sheets December 31, 2010 and 2011 2010 2011 , Sources Uses Assets Current Assets Cash Marketable Securities Net Receivables Inventories 42,000 30,000 1 85,00091,000t 93,000 80,000 58.000 67.000 I 278,000 268,000 Total Current Assets 965,000 915,000 40.000 30.000 925,000885,000 Property and Equipment Less Accumulated Depreciation Net Property and Equipment Total Assets 1201000 1153000 Liabilities and Owners' Equity Current Liabilities Accounts Payable Notes Payable Accrued Wages 40,000 45,000 25,000150,000 t 38.000 23.000 203,000218,000 Total Current Liabilities Long-Term Liabilities Long-Term Debt 500.000 300.000 | | 703,000 518,000 Total Liabilities

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