Efect of net income on a fi'ce sheet and tinc, reported not come 13.000 to the you anded Dr, 2020 Show how to the work canto 2016. 2020 deperdie how Comad 'sent' sicers that wer below a Corrado dends in the year and the finds me out hurred dvomnostaing 100 and we are of the nation to repay or to Corda dividends Status 200 and live bother home in a rowonga Cool 1.000 de soldes Orad paid to turn the you and med en in our other words The Rosari then came to the Open 1918.000 we wel weer of the net come to the tumore amore acted to the che Round Tow dolar The dining om dette Rose the stor) The word and comes will be condo) et Corvet pas avonds erg 1903.000 and wanted to tulus et income in building a new honom, the buwo het weone to the normas de Oakd out 130.000 de sold be the witte Thendingar In the (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Conrad Air, Inc. Balance Sheet as of December 31, 2019 Assets Cash Marketable securities Accounts receivable Inventories Current assets Equipment Buildings Fixed assets Total assets $117,000 32,000 43,000 133,000 $325,000 $2,967,000 1,592,000 $4,559,000 $4,884,000 h m Liabilities and Stockholders' Equity Accounts payable Short-term notes Current liabilities Long-term debt Total liabilities Common stock Retained earnings Stockholders' equity Total liabilities and equity $75,000 60,000 $135,000 $2,665,000 $2,800,000 $503,000 1,581,000 $2,084,000 $4,884,000 Effect of net income on a firm's balance sheet Conrad Air, Inc., reported net income of $1,363,000 for the year ended December 31, 2020. Show how Conrad balance sheet would change from 2019 to 2020 depending on how Conrad spent those earnings as described in the scenarios that appear below. a. Conrad paid no dividends during the year and invested the funds in marketable securities. b. Conrad paid dividends totaling $503,000 and used the balance of the net income to retire (pay off) long-term debt. c. Conrad paid dividends totaling $503,000 and invested the balance of the net income in building a new hangar, d. Conrad paid out all $1,363,000 as dividends to its stockholders. of the (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) in mai o dollar. ar.) of the Conrad Air, Inc. Balance Sheet as of December 31, 2019 Assets Cash Marketable securities Accounts receivable Inventories Current assets Equipment Buildings Fixed assets Total assets $117,000 32,000 43,000 133,000 $325,000 $2,967,000 1,592,000 $4,559,000 $4,884,000 ar.) ce of th lar.) the am llar.) Liabilities and Stockholders' Equity Accounts payable Short-term notes Current liabilities Long-term debt Total liabilities Common stock Retained earnings Stockholders' equity Total liabilities and equity $75,000 60,000 $135,000 $2,665,000 $2,800,000 $503,000 1,581,000 $2,084,000 $4,884,000 Print Done