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Financial data for Bridger, Inc., for last year are as follows: Bridger, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 127,000 $ 137,000
Financial data for Bridger, Inc., for last year are as follows: |
Bridger, Inc. Balance Sheet | ||||
Beginning Balance | Ending Balance | |||
Assets | ||||
Cash | $ | 127,000 | $ | 137,000 |
Accounts receivable | 333,000 | 482,000 | ||
Inventory | 562,000 | 477,000 | ||
Plant and equipment, net | 808,000 | 774,000 | ||
Investment in Brier Company | 404,000 | 428,000 | ||
Land (undeveloped) | 254,000 | 248,000 | ||
Total assets | $ | 2,488,000 | $ | 2,546,000 |
Liabilities and Stockholders' Equity | ||||
Accounts payable | $ | 374,000 | $ | 344,000 |
Long-term debt | 1,021,000 | 1,021,000 | ||
Stockholders' equity | 1,093,000 | 1,181,000 | ||
Total liabilities and stockholders' equity | $ | 2,488,000 | $ | 2,546,000 |
Bridger, Inc. Income Statement | |||
Sales | $ | 4,070,000 | |
Operating expenses | 3,540,900 | ||
Net operating income | 529,100 | ||
Interest and taxes: | |||
Interest expense | $ 122,000 | ||
Tax expense | 204,000 | 326,000 | |
Net income | $ | 203,100 | |
The company paid dividends of $115,100 last year. The |
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