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Financial Statement Completion Problems 12 pts Bubba Gump needs help completing the following financial statement info for his shrimping operation. The two cases are
Financial Statement Completion Problems 12 pts Bubba Gump needs help completing the following financial statement info for his shrimping operation. The two cases are independent. Revenues CASE A 60,000 CASE B Expenses 255,000 Net Income Retained Earnings, Jan 1 24,000 34,000 270,000 Dividends declared 5,000 Retained Earnings, Dec 31 38,000 Current Assets, Dec 31 8,000 420,000 Noncurrent assets, Dec 31 670,000 Total assets, Dec 31 Current liabilities, Dec 31 20,000 Noncurrent liabilities, Dec 31 225,000 Total liabilities, Dec 31 36,000 Paid-in capital, Dec 31 124,000 525,000 790,000 Total SH Equity, Dec 31 You may use the following financial statement template to help, but write your final answers in the spaces above. Rev Exp RE, beg NI NI Div dec RE, end Assets Current Non-current Total Debt Current Non-current Total Equity PIC RE Total SE
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