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eBook The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets

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The Davidson Corporation's balance sheet and income statement are provided here.

Davidson Corporation: Balance Sheet as of December 31, 2021(millions of dollars)Assets Liabilities and Equity Cash and equivalents$10 Accounts payable$120Accounts receivable 600 Accruals 310Inventories 920 Notes payable 210 Total current assets$1,530 Total current liabilities$640Net plant and equipment 2,480 Long-term bonds 1,500 Total liabilities$2,140 Common stock (100 million shares) 270 Retained earnings$1,600 Common equity$1,870Total assets$4,010 Total liabilities and equity$4,010

Davidson Corporation: Income Statement for Year EndingDecember 31, 2021 (millions of dollars)Sales$8,500Operating costs excluding depreciation and amortization 6,430EBITDA$2,070Depreciation and amortization 540EBIT$1,530Interest 250EBT$1,280Taxes (25%) 320Net income$960Common dividends paid$366Earnings per share$9.60

Construct the statement of stockholders' equity for December 31, 2021. No common stock was issued during 2021. Write out all your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar.

Common StockRetainedTotal Stockholders' SharesAmountEarningsEquityBalances, 12/31/20 $ $ $ 2021 Net income Cash dividends Addition to RE Balances, 12/31/21 $ $ $

Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25.

How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary.

$ million

At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, if necessary.

$ million

How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary.

$ million

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