CULVER INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable $46,2004,0007,9007,90059,800100,000$39,7006,1004,00010,00068,600100,000 Question 2 of 2 snort-termioans payapie Long-term loans payable Common stock, $10 par Contributed capital, common stock Retained earnings Total liabilities & stockholders' equity $314,00058,200$295,50037,100 CULVERINC. INCOMESTATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 Sales revenue $335,575 Cost of goods sold Gross profit Operating expenses Operating income Interest expense $11,400 Gain on sale of equipment Income before tax Income tax expense Net income Question 2 of 2 CULVER INC. Statement of Cash Flows December 31,2020 Adjustments to reconcile net income to $ Question 2 of 2 Question 2 of 2 eTextbook and Media Save for Later Attempts: 0 of 3 used CULVER INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable $46,2004,0007,9007,90059,800100,000$39,7006,1004,00010,00068,600100,000 Question 2 of 2 snort-termioans payapie Long-term loans payable Common stock, $10 par Contributed capital, common stock Retained earnings Total liabilities & stockholders' equity $314,00058,200$295,50037,100 CULVERINC. INCOMESTATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 Sales revenue $335,575 Cost of goods sold Gross profit Operating expenses Operating income Interest expense $11,400 Gain on sale of equipment Income before tax Income tax expense Net income Question 2 of 2 CULVER INC. Statement of Cash Flows December 31,2020 Adjustments to reconcile net income to $ Question 2 of 2 Question 2 of 2 eTextbook and Media Save for Later Attempts: 0 of 3 used