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I need correct and completed answeres for this question please Question 1 Kingbird Inc., a greeting card company, had the following statements prepared as of
I need correct and completed answeres for this question please
Question 1 Kingbird Inc., a greeting card company, had the following statements prepared as of December 31, 2017. KINGBIRD INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 12/31/17 12/31/16 Cash Accounts receivable Short-term debt investments (available-for-sale) Inventory Prepaid rent Equipment Accumulated depreciation-equipment Copyrights Total assets $5,900 $6,900 50,800 17,800 59,400 3,900 155,200129,000 61,400 35,000 40,000 5,000 (35,000) (25,000) 45,600 49,900 $313,100 $292,700 Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, $10 par Contributed capital, common stock Retained earnings Total liabilities & stockholders' equity $46,300 $39,800 6,100 3,900 10,100 68,400 100,000 100,000 30,000 34,400 $313,100 $292,700 3,900 7,900 8,000 60,100 30,000 56,900Step by Step Solution
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