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Data table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Creek Enterprises Balance Sheet
Data table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Creek Enterprises Balance Sheet December 31, 2019 Assets Liabilities and Stockholders' Equity Current assets Cash Current liabilities $1,045,000 Accounts payable $8,042,000 Marketable securities 3,022,000 Notes payable 7,960,000 Accounts receivable 12,044,000 Accruals 535,000 Inventories 7,549,000 Total current liabilities $16,537,000 Total current assets $23,660,000 Gross fixed assets (at cost)* Land and buildings $11,033,000 Long-term debt (includes financial leases)** Stockholders' equity Preferred stock (25,500 $19,833,000 shares, $3.50 dividend) $2,547,000 Machinery and equipment 20,542,000 Common stock (1.16 million Furniture and fixtures 7,977,000 shares at $4.50 par) 5,220,000 Gross fixed assets $39,552,000 Paid-in capital in excess of par value 4,042,000 Less: Accumulated depreciation 13,023,000 Retained earnings 2,010,000 Net fixed assets $26,529,000 Total stockholders' equity $13,819,000 Total liabilities and Total assets $50,189,000 stockholders' equity $50,189,000 *The firm has a 4-year financial lease requiring annual beginning-of-year payments of $228,000. Three years of the lease have yet to run. 0014000 Print Done - an
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