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Marbry Corporation's balance sheet and income statement appear below! Marbry Corporation's Comparative Balance Sheet Ending Beginning Balance Balance Assets Current assets: Cash and cash equivalents
Marbry Corporation's balance sheet and income statement appear below! Marbry Corporation's Comparative Balance Sheet Ending Beginning Balance Balance Assets Current assets: Cash and cash equivalents $ 42 $ 35 Accounts receivable 4954 Inventory 62 54 Total current assets 153 143 Property, plant and equipment 470 1440 Less: accumulated depreciation 262 254 Net property, plant, and equipment 208 186 Total assets $361 - $329 Liabilities and stockholders' equity Current liabilities: Accounts payable $55 Accrued liabilities 28 Income taxes payable 49 Total current liabilities 132 Bonds payable 113 Total liabilities Stockholders' equity Common stock 46 34 Retained earnings 70 49 Total stockholders' equity 116 83 Total liabilities and stockholders' equity $361 $329 Income Statement Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 70 116 $361 49 83 $329 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Gain on sale of plant and equipment Income before taxes Income taxes Net income Cash dividends were $9. The company did not issue any bonds or repurchase any of its own common stock during the year. The net cash provided by (used in) financing activities for the year was: $(12) $12 $19) $(15) O
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