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How much in total liabilities did Sokovia Corp. report in its 2020 balance sheet? (just enter the number, without any commas or a dollar sign)
How much in total liabilities did Sokovia Corp. report in its 2020 balance sheet? (just enter the number, without any commas or a dollar sign)
Financial Statements for 2020 Balance Sheet Income Statement Assets Cash Accounts Receivable, Net Inventory Prepaid Rent Equipment, Net Land Total Assets $ $ $ $ $ $ $ 2020 2019 61,000 $ 48,000 27,000 $ 23,000 22,000 $ 32,000 30,000 $ 20,000 72,000 $ 80,000 30,000 $ 40,000 242,000 $ 243,000 Sales Revenue Cost of Goods Sold Wages Expense Rent Expense Bad Debt Expense R&D Expense Depreciation Expense Interest Expense Gain on Sale of Land Income Tax Expense Net Income $ $ $ $ $ $ $ $ $ $ $ 210,000 (125,000) (20,000) (10,000) (2,000) (18,000) (8,000) (4,000) 3,000 (6,000) 20,000 Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Long-Term Debt Contributed Capital Retained Earnings Total Liabilities and Equity $ $ $ $ $ $ $ 2020 2019 23,000 $ 24,000 14,000 $ 17,000 5,000 $ 8,000 38,000 $ 38,000 120,000 $ 120,000 42,000 $ 36,000 242,000 $ 243,000Step by Step Solution
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