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Need refresher help please. MASSEY INCORPORATED December 31, 2019 December 31, 2018 Account Amount Amount Net Change Cash and cash equivalents 11,085 8,868 Investment securities
Need refresher help please.
MASSEY INCORPORATED December 31, 2019 December 31, 2018 Account Amount Amount Net Change Cash and cash equivalents 11,085 8,868 Investment securities 563 450 Account Receivables 5,696 4,557 Inventories 6,825 5,460 Deferred Tax Assets 1,581 1,265 Prepaid Expenses 2,788 2,231 Property, plant, and equipment, at cost 44,141 35,313 Accumulated Depreciation, property, plant and equipmen 19,571 15,657 Trademarks and other intangibles, net 4,453 3,563 Goodwill 20,873 16,698 Other noncurrent assets 3,516 2,813 Debt due within 1 year 4,073 3,258 Accounts payable 5,241 4,193 Accrual payroll and other liabilities 10,335 8,268 Deferred Tax Liability 3,523 2,819 Long-term debt 21,516 17,213 Deferred Income Tax 2,618 2,094 Other noncurrent liability 4,296 3,437 Preferred Stock 2,963 2,370 Common stock, $1 par value 2,432 1,946 Retained earnings 22,463 17,970 Additional Paid in capital 5,496 4,397 Accumulated other comprehensive income 3,761 3,009 Reserve for ESOP debt retirement 2,453 1,962 Net Sales 81,332 65,066 Cost of goods sold 41,514 33,212 Selling, administrative, and general expenses 25,093 20,075 Interest Expense 1,052 842 Other nonoperating income, net 446 357 Income Taxes 4,395 3,516 Cash dividends declared 6,514 5,211 Required 1. Prepare the trial balance 2. Using the trial balance prepare the Income Statement 3. Using the trial balance prepare the Balance SheetStep by Step Solution
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