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Laiho Industries's 2 0 2 0 and 2 0 2 1 balance sheets ( in thousands of dollars ) are shown. Laiho Industries: Balance Sheets
Laiho Industries's and balance sheets in thousands of dollars are shown.
Laiho Industries: Balance Sheets as of December thousands of dollars
Cash $ $
Accounts receivable
Inventories
Total current assets $ $
Net fixed assets
Total assets $ $
Accounts payable $ $
Accruals
Notes payable
Total current liabilities $ $
Longterm debt
Total liabilities $ $
Common stock
Retained earnings
Total common equity $ $
Total liabilities and equity $ $
The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $ thousand should be entered as not Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any.
Construct the statement of stockholders' equity for the year ending December and the statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year.
Laiho Industries: Statement of Stockholders' Equity, December thousands of dollars
Common Stock Retained Earnings Total Stockholders' Equity
Balances, December $ fill in the blank
$ fill in the blank
$ fill in the blank
Common stock issue fill in the blank
fill in the blank
Net income fill in the blank
Cash dividends fill in the blank
Addition to retained earnings fill in the blank
Balances, December $ fill in the blank
$ fill in the blank
$ fill in the blank
Laiho Industries: Statement of Cash Flows for thousands of dollars
Operating Activities
Net income $ fill in the blank
Depreciation and amortization fill in the blank
Increase in accounts payable fill in the blank
Increase in accruals fill in the blank
Increase in accounts receivable fill in the blank
Increase in inventories fill in the blank
Net cash provided by operating activities $ fill in the blank
Investing Activities
Additions to property, plant, and equipment $ fill in the blank
Net cash used in investing activities $ fill in the blank
Financing Activities
Increase in notes payable $ fill in the blank
Increase in longterm debt fill in the blank
Increase in common stock fill in the blank
Payment of common dividends fill in the blank
Net cash provided by financing activities $ fill in the blank
Summary
Net increasedecrease in cash $ fill in the blank
Cash at the beginning of the year fill in the blank
Cash at the end of the year $ fill in the blank
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