Ols Enabled: Spring 22 Final Exam i The following financial statements apply to Cowboy Ice Cream Company: HBO Max Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable. Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (46,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Year 2 $ 220,300 Year 1 $181,400 125,000 101,600 19,100 17,100 11,000 10,000 3,000 3,000 20,600 17,800 178,700 149,500 $ 41,600 $ 31,900 5,800 $ 6,600 2,800 2,800 35,800 30,700 100,200 95,600 4,4001 3,400 149,000 139,100 106,800 106,800 21,400 0 $ 277,200 $ 245,900 $ 39,200 $ 34,300 15,300 15,300 54,500 49,600 65,700 66,700 120,200 116,300 114,900 114,900 42,100 157,000 $ 277,200 14,700 129,600 $ 245,900 < Prev 10 of 10 N MacBook Pro