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Onerotine results for 2021: Sales = $45,100 Cost of goods sold = $30,500 Depreciation expense = $7,600 Interest expense = $2,500 Dividends paid = $2,400
Onerotine results for 2021:
Sales = $45,100
Cost of goods sold = $30,500
Depreciation expense = $7,600
Interest expense = $2,500
Dividends paid = $2,400
A the end of 2010, net fined assets were $30,000, current assets were $6,600, and current liabilities
were
$5,000.
Ar the end or 2021, net fixed assets were $33,400, current assets were $7,800, and current liabilities
were
$6,300. The tax rate for 2021 was 21%.
Complete the Income Statement for 2021 (below, shaded cells) and the Balance Sheet for 2020 and
2021 (below, shaded cells). Calculate the equity in both years to balance. (20 pts)
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