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Dooling Corporation's balance sheet and Income statement appear below: Dooling Corporation Comparative Balance Sheet Beginning Balance Balance Assets Current assets Cash and cash equivalents 49

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Dooling Corporation's balance sheet and Income statement appear below: Dooling Corporation Comparative Balance Sheet Beginning Balance Balance Assets Current assets Cash and cash equivalents 49 Inventor 60 58 Total current assets 189 187 Property plant ond equipment 672 545 Less accumulated depreclat on 53 288 217 2257 Net property, plant and equipment S606 3444 Luabilties and stockholders' equlty. Current liabilities Accounts payable L Accrued 32 Total current liabilites 147 154 Bonds payable Total liablites 3 238 223g Stockholder equity Common stock 65 Retained earnings 3022 368 205

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