P1-67A (similar to) Summarized versions of Ramirez Corporation's financial statements for two recent years are as follows. B (Click the icon to view the financial statements.) Requirement 1. Complete Ramirez Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) 2019 2018 Data Table X Income Statement (in Thousands) $ 14,250 Revenues Cost of goods sold Other expenses Income before income taxes Income taxes (35%) 11,110 1,270 1,220 Income Statement Revenues Cost of goods sold 2019 2018 (in Thousands) Sk $ 14,250 11.110 a 1,270 1,220 1,600 2.100 735 Other expenses Income before income taxes 1,600 1 2,100 735 Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income $ 2,660 S m Sb Net income Dividends (88) (110) Statement of Retained Earnings Beginning balance Net income $n$ Ending balance 2,660 (110) Dividends declared 0 (88) Sp Balance Sheet Assets $d Cash 1,577 Property, plant, and equipment Other assets 1,326 10,774 13,435 $ Ending balance Balance Sheet Assets Cash Property, plant, and equipment Other assets Total assets Liabilities Current liabilities $a 1,577 r Se 1,326 10.774 $ SS S 13,435 4,300 55 5,690 3,320 200 Total assets Liabilities Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity $ 9,100 $t$ 4.300 55 5,690 3.320 200 $ 200 $ 200 $ 9,100 $f 130 110 Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity S 200 $ 200 4,225 u 130 9 110 Enter any number in the edit fields and then click Check Answer. V 4,225 All parts showing All u Retained earnings Other stockholders' equity Total stockholders' equity g 110 130 v 4,225 $ Sw Sh Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash Cash at beginning of year (230) (530) 900 (325) (530) 900 (200) 1,290 Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash Cash at beginning of year Cash at end of year $x $ (230) (530) (325) (530) Cash at end of year (200) i 1,290 Enter any number in the edit fields and then click Check Answer. $z $j All parts showing All
