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. Complete Nachos Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar.

.

Complete

Nachos

Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash)

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Part 1

2019

2018

Income Statement

(in Thousands)

Revenues

$16,000

Cost of goods sold

11,090

Other expenses

1,255

1,190

Income before income taxes

1,650

1,860

Income taxes (35%)

651

Net income

Statement of Retained Earnings

Beginning balance

$2,720

Net income

Dividends

(94)

(90)

Ending balance

Balance Sheet

Assets

Cash

Property, plant, and equipment

1,497

1,306

Other assets

10,878

Total assets

$13,494

Liabilities

Current liabilities

$5,690

Long-term debt

4,800

3,390

Other liabilities

45

190

Total liabilities

$9,000

Stockholders' equity:

Common stock

$225

$225

Retained earnings

Other stockholders' equity

160

160

Total stockholders' equity

4,224

Total liabilities and stockholders' equity

Cash Flow Statement

Net cash provided by operating activities

$1,000

Net cash used in investing activities

(220)

(450)

Net cash used in financing activities

(550)

(510)

Increase (decrease) in cash

(190)

Cash at beginning of year

1,270

Cash at end of year

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