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please answer ASAP Blue Hamster Manufacturing Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its
please answer ASAP
Blue Hamster Manufacturing Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet for Blue Hamster Manufacturing Inc. for the years ending December 31, Year 2 and 1, respectively Blue Hamster Manufacturing Inc. Balance Sheet Years ending December 31 Year 2 ASSETS Year 1 Current assets: Cash and equivalents Accounts receivables Inventory Total current assets Net fixed assets: Net plant and equipment Total assets $16,875 $49,500 $36,900 $13,500 $39,600 $112.500 $90,000 $110,000 $250,000 $200,000 LIABILITIES AND EQUITY Current abilities: Accounts payable Accruals 50 50 $2344 50 ACCOUNTS TCCCIVQUICS 220,073 13 JUU Inventory $49,500 $39,600 Total current assets $112,500 $90,000 Net fixed assets: Net plant and equipment $110,000 Total assets $250,000 $200,000 LIABILITIES AND EQUITY Current liabilities: Accounts payable Accruals $0 $0 $2,344 $0 Notes payable $13,281 $12,500 Total current liabilities $12,500 Long-term bonds $46,875 $37,500 Total debt $62,500 $50,000 Common equity: Common stock $121,875 $97,500 Retained earnings $52,500 Total common equity $187,500 $150,000 Total liabilities and equity $250,000 $200,000 Step by Step Solution
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