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Fixed assets. Use the data from the following financial statements in the popup window, What are the net fixed assets for the years 2016 and
Fixed assets. Use the data from the following financial statements in the popup window, What are the net fixed assets for the years 2016 and 2017? The net fixed assets for the year 2016 is $ (Round to the nearest dollar.) (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,100 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $14,000 Accounts receivable $19,100 $16,000 Notes payable $28,200 Accounts payable $48,200 Long-term debt $367,800 OWNERS' EQUITY Inventories $190,200 Fixed assets Accumulated depreciation (-) $143,100 Retained earnings $43,700 |Intangible assets $81,900 Common stock $132,000 Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation (-) $43,700 $143,100 Retained earnings $81,900 Common stock Intangible assets $132,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $11,800 $24,200 Accounts receivable Inventories $162,000 $25,900 Notes payable $19,000 Accounts payable $52,900 Long-term debt $448,200 OWNERS' EQUITY Retained earnings $82,100 Common stock Fixed assets Accumulated depreciation (-) $59,000 $181,900 Intangible assets
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