Exam 2 Company provided the following balance sheet and income statement for the current waar lance Sheet Firefly Company Balance Sheet At December 31 Assets Current Assets Cash Accounts Recelvable Merchandise Inventory Ending Beginning 5,650 $5,400 6,800 1,700 14,650 $13,900 4,800 4,200 $ Total Current Assets Noncurrent Assets Investments in Bonds Property, Plant, and Equipment-net $26,900$ 5,900 49,400 57,000 $ 76,300$ 62.900 $ 90,950 $ 76,800 Total Noncurrent Assets Total Assets Liabilities Current Liabilities Accounts Payable Accrued Expenses Income Taxes Payable $ 3,500 5000 6,500 1,200 4,750 400 10,150 $ 11.200 Total Current Liabilities Noncurrent Liabilities Notes Payable $ 30,500 $ 25,000 $ 30,500 $ 25,000 35,150 Total Noncurrent Liabilties S 41.700 S 3,150 Total Liabilities Stockholders' Equity Common stock, $1 Par Value Additional Paid-in Capital Retained Eamings 13,000$ 12,000 19,900 16,350 17,000 12,650 $ 49,250 $ 41,650 $ 90,950 $ 76 800 Total Stockholders' Equity Total Liabilities and Stockholders' Equity