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Industry balance sheet is given below. In a trend balance sheet for 20X2, stockholders' equity is expressed as what amount? Assets: Current assets Plant &

Industry balance sheet is given below.

In a trend balance sheet for 20X2, stockholders' equity is expressed as what amount?

Assets: Current assets Plant & equipment, net Intangible assets, net Total assets Liabilities & Stockholders' Equity: Current liabilities Long-term liabilities Stockholders' equity Total liabilities & equity 20X3 20X2 $ 55,000 $ 56,500 495,000 410,000 20,000 $570,000 27,500 20X1 $ 70,000 440,000 40,000 $494,000 $550,000 $ 40,000 $ 35,000 $ 32,500 395,000 310,000 375,000 135,000 149,000 142,500 $570,000 $494,000 $550,000

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