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Please help me find the correct number for Depreciation and cash dividends A comparative balance sheet for Lomax Company containing data for the last two
Please help me find the correct number for Depreciation and cash dividends
A comparative balance sheet for Lomax Company containing data for the last two years is as follow Lomax Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses $ 100,000 $ 73,200 682,500 449,000 19,500 648,000 642,800 33,200 Total current assets 1,424,000 1,224,200 Property, plant, and equipment 2,515,0001,916,000 586,100 Less accumulated depreciation Net property, plant, and equipment Long-term investments Loans to subsidiaries 649,800 1,865,200 1,329,900 217,000 84,500 $ 3,579,100 $ 2,855,600 140,900 149,000 lotal assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Income taxes payable $ 916,400 $ 599,000 68,100 141,200 42,400 170,700 Total current liabilities Bonds payable 1,129,500 765,000 808,300 487,000 Total liabilities 1,894,500 1,295,300Step by Step Solution
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