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Crowley Buildin1g Supply sells various building materials to retail outlets. The company has just approached Sycamore State Bank requesting a $300,000 loan to strengthen the

Crowley Buildin1g Supply sells various building materials to retail outlets. The company has just approached Sycamore State Bank requesting a $300,000 loan to strengthen the Cash account and to pay certain pressing short-term obligations. The companys financial statements for the most recent two years follow: *Everything entered so far is correct, please help me fill in the blanks* image text in transcribed image text in transcribed image text in transcribed image text in transcribed

Crowley Building Supply sells various building materials to retail outlets. The company has just approached Sycamore State Bank requesting a $300,000 loan to strengthen the Cash account and to pay certain pressing short-term obligations. The company's financial statements for the most recent two years follow: Crowey Building Supply Comparative Balance Sheets This Year Last Year Assets Current assets Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses $ 55,000 $ 140,000 18,000 285,000 587,000 25,000 473,000 947,000 18,000 1,493,000 1,638,620 1,055,000 1,543,580 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity $ 3,131,620 2,598,580 Liabilities $ 803,000 615,000 442,000 615,000 Current liabilities Bonds payable, 8% Total liabilities 1,418,000 1,057,000 Stockholders' equity Preferred stock, $25 par, 7% Common stock, $10 par Retained earnings 315.000 507,000 891,620 315,000 507,000 719,580 Total stockholders' equity 1,713,620 1,541,580 Total liabilities and stockholders' Equity $ 3,131,620 2,598,580

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