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I just got some of these wrong. Can I get help on all the x marked ones please. thanks. I'd appreciate it a lot if

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I just got some of these wrong. Can I get help on all the x marked ones please. thanks. I'd appreciate it a lot if you'd show the work too ;)

value: 10.00 points Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $650,000 long-term loan from Gulfport State Bank, $175,000 of which will be used to bolster the Cash account and $475,000 of which will be used to modernize equipment. The company's financial statements for the two most recent years follow: Sabin Electronics Balance Sheet This Year Last Year Current assets: Cash $ 130,000 300,000 12,000 450,000 745,000 37,000 Marketable securities 672,000 1,095,000 34,000 Accounts receivable, net Prepaid expenses 1,931,000 2,099,400 1,544,000 1,520,000 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders Equity $4,030,400 $3,064,000 Liabilities Current liabilities Bonds payable, 12% $ 875,000 750,000 450,000 750,000 Total liabilities 1,625,000 1,200,000 Stockholders' equity Common stock, $15 par Retained earnings 720,000 1,685,400 720,000 1,144,000 1,864,000 $4,030,400 $3,064,000 Total stockholders' equity 2,405,400 Total liabilities and equity Sabin Electronics Comparative Income Statement and This Year Last Year Sales Cost of goods sold $5,750,000 $4,800,000 3,600,000 4,025,000 Gross margin Selling and administrative expenses 1,725,000 683,000 1,200,000 578,000 Net operating income Interest expense 1,042,000 90,000 622,000 90,000 Net income before taxes Income taxes (30%) 952,000 285,600 532,000 159,600 Net income 666,400 125,000 372,400 104,000 Net income retained Beginning retained earnings 541,400 1,144,000 268,400 875,600 Ending retained earnings $1,685,400 $1,144,000

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