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please help ive been stuck forever Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then complete the following BEAN SUPERSTORE
please help ive been stuck forever
Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then complete the following BEAN SUPERSTORE Comparative Balance Sheet December 31, 2017, 2018, and 2019 2019 2018 2017 Assets Cash $330,460 $300,000 $346,600 65,000 Accounts Receivable 60,000 60,000 Inventory 178,011 155,205 Equipment 145,830 100,465 $657,895 101,202 103,085 Total Assets $669,673 $618,290 $90,200 $88,563 $84,209 71,000 69,331 Liabilities Salaries Payable Accounts Payable Notes Payable Equity Common Stock 71,670 50,650 41,000 58,250 19,100 22,695 433,000 Retained Earnings Total Liabilities and Equity 21.990 436,800 $669,673 387,400 $618,290 $657,895 LEGUMES PLUS Comparative Balance Sheet December 31, 2017, 2018, and 2019 2019 2018 2017 Assets Cash $388,450 $357,367 $407,000 85,430 82,670 79,230 Accounts Receivable Inventory Equipment 128,080 182,006 $802,516 40,036 23,400 $534,556 52,142 111,701 $600,440 Total Assets $95,200 $89,467 Liabilities Salaries Payable Accounts Payable Notes Payable Equity $91,455 86,331 hi 62,430 87,197 63,222 67,880 68,312 Common Stock 22,590 25,464 556,200 23,188 332,276 266,300 Retained Earnings Total Liabilities and Equity $802,516 $534,556 $600,440 BEAN SUPERSTORE Comparative Income Statement Year Ended December 31, 2017, 2018, and 2019 2019 2018 2017 Net Credit Sales $1,000,000 $984,400 $875,350 388,950 450,000 419,600 $550,000 COGS Gross Margin Expenses Net Income (Loss) $564,800 125,000 $439,800 $486,400 100,000 115,000 $435,000 $386,400 Step by Step Solution
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