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Information for Concord Corporation is given below: Concord Corporation Balance Sheet December 31, 2021 Assets Equities Cash $317000 Accounts payable $ 628000 1946000 Income taxes
Information for Concord Corporation is given below: Concord Corporation Balance Sheet December 31, 2021 Assets Equities Cash $317000 Accounts payable $ 628000 1946000 Income taxes payable 192000 Accounts receivable (net) Inventories 2443000 230000 Miscellaneous accrued payables Plant and equipment, 1850000 Bonds payable (8%, due 2023) net of depreciation 1986000 Preferred stock ($100 par, 6% Patents 258000 754000 cumulative nonparticipating) Other intangible assets 75400 Common stock (no par, 60,000 Total Assets $7025400 shares authorized, issued and outstanding) 1121000 Retained earnings 2471400 Treasury stock-1500 shares of preferred (221000) Total Equities $7025400 Concord Corporation Income Statement Year Ended December 31, 2021 Net sales $8600000 Cost of goods sold 6200000 Gross profit 2400000 Operating expenses (including bond interest expense) 1400000 Income before income taxes 1000000 Income tax 460000 Net income $ 540000 Additional information: There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2021, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2021. Assume that preferred dividends for the current year have not been declared. At December 31, 2021, the book value per share of common stock was O $56.13. O $59.87. O $59.12. O $58.63
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