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Please help me fill in the blank spots in this format. A comparative balance sheet for Lomax Company containing data for the last two years
Please help me fill in the blank spots in this format.
A comparative balance sheet for Lomax Company containing data for the last two years is as follows Lomax Company Comparative Balance Sheet This Year Last Year Assets Current assets Cash and cash equivalents Accounts receivable $95,000 69,200 638,000 670.000 636,800 444,000 17,000 Prepaid expenses 29,200 Total current assets 1,399,000 1,200,200 Property, plant, and equipment 2,490,000 1,896,000 581,600 643,800 Less accumulated depreciation Net property, plant, and equipment Long-term investments Loans to subsidiaries Total assets 1,846,200 1,314,400 130,400 202.000 82,000 3,519,600 $ 2,798,600 144,000 Liabilities and Stockholders' Equity Current liabilities $ 908,400 $ 594.000 63,600 164,200 137,200 Accounts payable Accrued liabilities 39,400 Income taxes payable 1,112,000 794,800 740,000 472,000 Total current liabilities Bonds payable Total liabilities Stockholders' equity: 1,852,000 1,266,800 1,138,000 1,024,000 Common stock Retained earnings 529,600 507,800 1,667,600 1,531,800 S 3,519,600 S 2,798,600 Total stockholders' equity Total liabilities and stockholders' equity The following additional information is available about the company's activities during this year: a. The company declared and paid a cash dividend this year b. Bonds with a principal balance of $404,000 were repaid during this year. c. Equipment was sold during this year for $82,000. The equipment had cost $178,000 and had $68,800 in accumulated depreciation on the date of sale d. Long-term investments were sold during the year for $158,000. These investments had cost $71,600Step by Step Solution
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