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iPad 5:18 PM @ 82% ezto Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC Balance Sheet as

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iPad 5:18 PM @ 82% ezto Use the following financial statements for Lake of Egypt Marina, Inc. LAKE OF EGYPT MARINA, INC Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) 2015 2014 2015 2014 Assets Current assets Liabilities and Equity Current liabilities Cash and marketable securities Accounts receivable Inventory $ 88 147 232 49 142 Accrued wages and taxes Accounts payable Notes payable $ 56 S 59 96 86 106 96 Total Long term debt Stockholders' equity: S 467 413 $ 258 241 S 316 296 Total Fixed assets Gross plant and equipment Less: Depreciation S 612 503 116 154 Preferred stock (5 million shares) Common stock and paid-in surplus 65 65 (65 million shares) Retained earnings S 458 258 Net plant and equipment Other long-term assets 387 347 65 452 S 865 Tota S 524 Total $ 417 328 Total assets s 991 991 $ 865 Total liabi Total liabilities and equity $ 991 865 LAKE OF EGYPT MARINA, INC

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