Pengine 2019 met of comprehensive income 136 S1354 Low Cost of goods sold Lese: Detection ISO Earnings before interest and taxes Less: Interest paid Taxable income 519 Less: Taxes Net income 5363 Addition to retained earnings Dividends paid 109 Unit 2 Exercise Questions Paming, Inc 2018 and 2019 Statement of financial positions (5 in millies) 2018 2019 2018 2019 Cash SIOG 5121 Accounts payable $400 5350 Accounts rec. 350 425 Notes payable 390 370 Inventory 41 Total $790 5720 Total $890 5950 Long-term debt 500 550 Net fixed assets 1.556 1.704 Owner's equity Common stock 600 580 Retained 556 810 earnings Total 1.156 1,390 Total assets $2.446 $2,660 Total liabilities $2,446 $2,660 Pengine 2019 met of comprehensive income 136 S1354 Low Cost of goods sold Lese: Detection ISO Earnings before interest and taxes Less: Interest paid Taxable income 519 Less: Taxes Net income 5363 Addition to retained earnings Dividends paid 109 Unit 2 Exercise Questions Paming, Inc 2018 and 2019 Statement of financial positions (5 in millies) 2018 2019 2018 2019 Cash SIOG 5121 Accounts payable $400 5350 Accounts rec. 350 425 Notes payable 390 370 Inventory 41 Total $790 5720 Total $890 5950 Long-term debt 500 550 Net fixed assets 1.556 1.704 Owner's equity Common stock 600 580 Retained 556 810 earnings Total 1.156 1,390 Total assets $2.446 $2,660 Total liabilities $2,446 $2,660