I need to double check my answers 6-9

2. The financial statements of Elcamino Company appear below ELCAMINO COMPANY Comparative Balance Sheet Assets Cash Debt investments.. Accounts receivable (net). Inventory 25,000 40,00 20,000 50,000 140,000 60,000 30,000 170,000 Property, plant and equipment (net) Total assets Liabilities and stockholders' equity Accounts payable. Short-term notes payable Bonds payable Common stock Retained earnings. 25,000 30,000 90,000 160,000 145,000 105,000 75,000 75,000 160,000 Total liabilities and stockholders' equity ELCAMINO COMPANY Income Statement For the Year Ended December 31, 2017 $360,000 Net sales (all on credit Cost of goods sold.... Gross profit Expenses 184 176,000 Interest expense. Selling expenses. Administrative expenses.. $11,000 ....30,000 61.000 115,000 35,000 $80,000 Total expenses.. Income tax expense. Net income Additional information a. Cash dividends of $50,000 were declared and paid on common stock in 2017. b. Weighted-average number of shares of common stock outstanding during 2017 was 50,000 shares. Market price of common stock on December 31, 2017, was $16 per share. Net cash provided by operating activities for 2017 was $70,000. c. d