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Facts: Company Name: Company's Reporting Year: ABC Grip Company Calendar Year 2021 Other: Both income statement and balance sheet were prepared on the last day
Facts: Company Name: Company's Reporting Year: ABC Grip Company Calendar Year 2021 Other: Both income statement and balance sheet were prepared on the last day of the calendar year REQUIRED: Fill in the heading information for each financial statement in the highlighted areas Save Submit to the assignment link % of Sales 256 100 Days Headcount Total Sales Units Regular Seamless 1,836 1,328 Premium 1,106 Special 342 Total Sales Units 4,612 Revenue Regular 1,744 27% Seamless 1,315 21% Premium $ 2,765 43% Special $ 571 9% Total Sales Revenue $ 6,395 100% Cost of Goods Sold 2,238 35% Gross Margin $ 4,157 65% Support Expenses Sales and Marketing 250 4% Research and Development 625 10% General and Administrative 325 5% Total Support Expenses $ 1,200 19% Other Revenue and Expense MacBook Air Days Headcount Assets Current Assets Cash Accounts Receivable Inventory Total Current Assets Long Term Assets Property Plant Equipment Intangible Assets Total Long Term Assets Total Assets Liabilities and Stockholders Equity Current Liabilities Accounts Payable Accrued Salaries Accrued Taxes Total Current Liabilities Total 256 100 1,000 275 3,500 4,775 65,000 4,750 69,750 74,525 275 85 132 492 Long Term Liabilities Mortgage Payable 15,000 Yotal Long Term Liabilities 15,000 Total Liabilities $ 15,492 Stockholders Equity Common Stock-55 par 12,000 Preferred Stock 2,500 Additional Paid In Capital 1,000 Retained Earnings $ 43,533 Total Stockholders Equity 5 59,033 Total Liabilities and Stockholders Equity 74,525
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