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Marby Corporation's balance sheet and income statement appear below. Beginning Balance Comparative Balance Sheet Ending Balance Assets: Current assets: Cash and cash equivalents Accounts receivable
Marby Corporation's balance sheet and income statement appear below. Beginning Balance Comparative Balance Sheet Ending Balance Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment 460 Less accumulated depreciation Net property, plant, and equipment 202 Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable 258 420 252 168 $ 305 $ 347 Multiple Choice LALU 97 124 219 236 Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 32 42 86 128 37 69 $ 347 $ 305 $ 705 403 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Gain on sale of plant and equipment Income before taxes Income taxes Net income Cash dividends were $7. The company did not issue any bonds or repurchase any of its own common stock during the year. The net cash provided by lused in financina activities for the vear was
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