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Financial data for Bridger Inc. for last year are as follows: Assets Cash Accounts receivable Inventory Plant and equipment, net Balance Sheet Investment in Brier
Financial data for Bridger Inc. for last year are as follows:
Assets Cash Accounts receivable Inventory Plant and equipment, net Balance Sheet Investment in Brier Company Land (undeveloped) Total assets BRIDGER INC. Liabilities and shareholders' equity Accounts payable Long-term debt Shareholders' equity Total liabilities and shareholders' equity BRIDGER INC. Income Statement Sales Operating expenses Operating income Interest and taxes: Interest expense Tax expense Net income $107,000 162,000 $ 4,005,000 $ 4,500,000 495,000 269,000 226,000 Ending Beginning Balance Balance $ 158,000 $ 153,000 430,000 290,000 440,000 520,000 872,000 887,000 530,000 500,000 350,000 350,000 $2,780,000 $2,700,000 $ 340,000 $ 380,000 1,100,000 1,100,000 1,340,000 1,220,000 $2,780,000 $2,700,000Step by Step Solution
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