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Given the data in the following table, the 2023 cash balance was $ The balance sheet accounts listed below are the only items on
Given the data in the following table, the 2023 cash balance was $ The balance sheet accounts listed below are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year. 2024 2023 Item 9,000 8,500 Accounts payable 5,945 6,200 Accounts receivable 1,610 1,910 Accruals Additional paid-in-capital 9,400 9,900 Cash ??? 13,000 Common stock at par @ $0.20 2,400 2,700 Net fixed assets 48,000 55,400 Gross fixed assets 55,400 ??? Inventory 5,595 Long-term debt 5,100 Notes payable 17,960 18,650 Retained earnings 4,800 4,100 Net income 28,570 33,940 3,150 6,240
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