Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please assist with question below and provide balance sheet for figures provided plz assist by providing balance sheet for numbers below 2020 2021 Cost of
please assist with question below and provide balance sheet for figures provided
plz assist by providing balance sheet for numbers below
2020 2021 Cost of goods sold $306,726 $387,290 Cash 44,261 66,870 86,590 97,871 18,824 21576 Depreciation Interest expense Seling and administrative Accounts payable Net fixed assets 60,322 78,732 31,423 53.181 382,014 465,426 Sales 601,729 733,469 Accounts receivable 31,363 40,681 35,654 38,929 Notes payable Long-term debt Inventory 192.827 210,408 60,382 81,209 New equity 0 23,400 Sunset Boards currently pays out 40 percent of net income as dividends to Tad and the other original investors, and it has a 21 percent tax rate. You are Christina's assistant, and she has asked you to prepare the following 2020 2021 Cost of goods sold $306,726 $387.290 Cash 44,261 66,870 Depreciation 86,590 97.871 18,824 21,576 Interest expense 60,322 78,732 Selling and administrative Accounts payable 31,423 53,181 Net fixed assets 382,014 465,426 601,729 733,469 Sales Accounts receivable 31,363 40,681 35,654 38,929 Notes payable Long-term debt Inventory 192,827 210,408 60,382 81,209 0 New equity 23,400 Sunset Boards currently pays out 40 percent of net income as dividends to Tad and the other original investors, and it has a 21 percent tax rate. You are Christina's assistant, and she has asked you to prepare the following Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started