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D P3-6 (similar to) Question Help Effect of net income on a firm's balance sheet Conrad Air, Inc., reported net income of $1,357,000 for the
D P3-6 (similar to) Question Help Effect of net income on a firm's balance sheet Conrad Air, Inc., reported net income of $1,357,000 for the year ended December 31, 2020. Show how Conrad's balance sheet would change from 2019 to 2020 depending on how Conrad spent those warnings as described in the scenarios that appear below Corrad padne dividends during the year and invested the funds in marketable securities b. Corrad pold dividends totaling $410,000 and used the balance of the net income to retire pay off long-term debt Data Table c. Corrad peld dividends totaling 5486,000 and invested the balance of the rest income in building a new hangar d. Corrad paid out $1,357,000 as dividends to its stockholders. If Conrad paid re dividends during the year and invested the funds in marketable securities, the amount transferred to the Conrad Air, Ine Balance Sheet as of December 31, 2019 Assets $117.000 Marketable securities 32,000 Accounts receivable 48,000 Inventor 130,000 Current assets $327.000 Equipment $2,974,000 Buldings 1,582 000 Fred $4,566.000 TO $493000 Liabilities and Stockholders' Equity Accounts payable Short notes Current Long term det Total Commons 574,000 50.000 $133.000 $2,000,000 $2.000.000 1496,000 1.572,000 $2.068.000 14.893,000 Enter your answer in the answer box and then click Check Answer Stockholders'uty Totals and equity 10 romaining Co AB
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