PARTA 1. Identify two accounts on Columbia's balance sheet (provided below) that provide evidence that Columbia uses accrual accounting. In each case, identify the income statement account that would be affected by the adjustment process. 2. Review your assigned company's Balance Sheet. Are there any accounts that provide evidence that the company uses accrual accounting? Explain your answer COLUMBIA SPORTWEAR COMPANY CONSOLIDATED BALANCE SHEETS (In thousands) December 31, 2018 2017 S 73,166 $ 437,825 13,970 262,802 449.382 521,827 70.500 1,765.306 291,596 126,575 68,594 78,155 38.495 $2,368,721 94.983 364,862 457,927 58.559 1,649,497 281,394 129.555 68,594 56,804 27,058 $2,212,902 ASSETS Current Assets: Cash and cash equivalents (Note 21) Restricted cash (Note 22) Short-term investments (Note 21) Accounts receivable, net (Note 6) Inventories Prepaid expenses and other current assets Total current assets Property, plant, and equipment, net (Note 7) Intangible assets, net (Note 8) Goodwill (Note 8) Deferred income taxes (Note 11) Other non-current assets Total assets LIABILITIES AND EQUITY Current Liabilities: Accounts payable Accrued liabilities (Note 10) Income taxes payable (Note 11) Total current liabilities Other long-term liabilities (Notes 12, 13) Income taxes payable (Note 11) Deferred income taxes (Note 11) Total liabilities Commitment and contingencies (Note 14) Shareholders' Equity: Preferred stock; 10,000 shares authorized; none issued and outstanding Common stock (no par value); 250,000 shares authorized; 68,246 and 69,995 issued and outstanding (Note 15) Retained earnings Accumulated other comprehensive loss (Note 18) Total Columbia Sportswear Company shareholders' equity Non-controlling interest (Note 5) Total equity Total liabilities and equity $ 252,301 182,228 19,107 453,636 $ 274,435 275,684 22,763 572,882 45,214 50,791 9.521 678,408 48,735 58,104 168 560,643 1,677,920 (4,063) 1,673,857 16,456 1,690.313 $2.368.721 45,829 1,585,009 (8,887) 1,621,951 30.308 1.652.259 $2,212,902