Exercise 13-9A (Algo) Comprehensive analysis LO 13-2, 13-3 The December 31, Year 4, balance sheet for Finch Corporation is presented here. These are the only accounts on Finch's balance sheet. Amounts indicated by question marks (2) can be calculated using the following additional information: FINCH CORPORATION Balance Sheet As of December 31, Year 4 Assets Cash Accounts receivable (net) $ 35,000 2 Inventory Property, plant, and equipment (net) 292,800 $442,000 Liabilities and Stockholders' Equity Accounts payable (trade) $ 2 Incone taxes payable (current) 35,000 Long-term debt Connon stock 298,000 Retained earnings $ > nt rint 7 7 Additional Information Current ratio (at year end) Total liabilities - Total stockholders' equity Gross margin percentage Inventory turnover (Cost of goods sold Ending inventory) Gross margin for Year 4 1.6 to 1.0 704 409 9.6 times $340,000 Required a. Compute the balance in trade accounts payable as of December 31, Year 4. b. Compute the balance in retained earnings as of December 31 Year 4. c. Compute the balance in the inventory account as of December 31, Year 4. (Assume that the level of inventory did not change from last year) Apple Ding Yahoo Amato come Shopping Google Price.com Amazon come Shopping Priceline.com M Question 5. Exorcists Chapter Thirteen... Cet Homework Help With Cheog Study C Chege Customer Service Phone Numb 2WD) Spring 2021 Ghe ercises Chapter Thirteen Sarved Help Say 5 Accounts receivable Inet) Inventory Property, plant, and equipment (net) 292,880 $442,800 aints Liabilities and Stockholders' Equity Accounts payable (trade) Incone taxes payable (current) Long-term debt Connon stock Retained earnings $ 7 35,000 2 298,000 ? s 7 cok Additional Information Current ratio (at year end) Total abilities - Total stockholders' equity Gross margin percentage Inventory turnover (Cost of goods sold + Ending inventory) Gross margin for Year 4 1.6 to 1.0 70 40 9.5 times $340,000 Required a. Compute the balance in trade accounts payable as of December 31, Year 4 b. Compute the balance in retained earnings as of December 31, Year 4 c. Compute the balance in the inventory account as of December 31, Year 4. (Assume that the level of inventory did not change from last year) For all requirements, negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Accounts payable 6. Retained earnings Inventory