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help please The following financial statements apply to Vernon Company Year 2 $ 218,900 Year 1 $ 182,300 124,300 102,100 20,800 18,800 10,400 9,400 1,600
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The following financial statements apply to Vernon Company Year 2 $ 218,900 Year 1 $ 182,300 124,300 102,100 20,800 18,800 10,400 9,400 1,600 1,600 20,500 17,200 177,600 149, 100 $ 41,300 $ 33,200 Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (42,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 5,500 6,400 2,300 2,300 36,700 31,800 100,700 95,000 4,300 3,300 149,500 138,800 106,700 106,700 21,000 $ 277,200 $ 245,500 s $ $ 39,900 16,800 56,700 65,700 122,400 35,800 16,400 52,200 66,700 118,900 114,900 39,900 154,800 $ 277,200 114,900 11,700 126,600 $ 245,500
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