Net Income After-taxes for the Accounting Period equaled $79,000

Beginning Balance of Common Stock on 1/1/20xx $25,000 Beginning Balance of Retained Earnings on 1/1/20xx $25,000 No new stock was issued during the accounting period.

a) Create a balance sheet

b) what are the total current assets?

c) what is the total amount of longterm assets?

d) What is the amount of total current liabilities

e) What is the balance of stockholderequity

Accounts Debit Credit Cash $25,152 100,597 40,000 14,105 25,000 125,000 $ 50,000 25,152 30,597 5,000 50,105 Accounts Receivable Inventory Prepaid Rent Equipment Building Accumulated Depreciation Accounts Payable Deferred Revenue Current Portion Long-term Debt Long-term Debt Bonds Payable Common Stock Treasury Stock Retained Earnings Dividends Revenue Cost of Goods Sold Salaries Expense Rent Expense Utilities Expense Depreciation Expense Interest Expense Income Tax Expense 50,000 25,000 0 25,000 10,000 200,152 75,152 9,000 15,000 10,000 5,000 1,000 6,000