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Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate The
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while th income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue 2018 $4,000 2019 $4,100 Cost of goods sold 1,600 1,700 Depreciation 500 520 Inventories 300 350 Administrative expenses 500 550 Interest expense 150 150 Federal and state taxe 400 420 Accounts payable 300 350 Accounts receivable 400 450 Net fixed assets 5,000 5,800 Long-term debt 2,000 2,400 Notes payable 1,000 600 Dividends paid 410 410 Cash and marketable securities 800 300 Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a balance sheet for Fincorp for 2018 and 2019. (Enter your answers in thousands of dollars) Dividends paid Cash and marketable securities 410 800 410 300 Answer is not complete. Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a balance sheet for Fincorp for 2018 and 2019. (Enter your answers in thousands of dollars.) Assets Cash and marketable securities Accounts receivable Inventories Long-term debt Net fixed assets Accounts payable Total assets 000000 Answer is not complete. Fincorp Inc. Balance Sheet 2018 2019 Liabilities and Shareholders' Equity Accounts payable 2018 2019 400 450 Accounts receivable 300 350 Accounts payable Inventories 0000 es 300 $ 350 5,000 5,800 Total abilities $ 300 S 350 1,000 600 Shareholders' equity 0 $ 6,700 $ 7,200 Total liabilities and shareholders' equity S 300 350
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