Question
please help me find the total assets and the retained earnings. thank you. ( all information is provided ) Balance sheet. Use the data from
please help me find the total assets and the retained earnings. thank you. all information is provided
Balance sheet. Use the data from the following financial statements in the popup window, The accumulated depreciation for 2017 is $ 188200 . (Round to the nearest dollar.) Complete the balance sheet for 2016: ASSETS Current assets Cash Accounts receivable Inventories Total current assets Fixed assets Accumulated depreciation (-) Intangible assets TOTAL ASSETS Complete the balance sheet for 2017: ASSETS Current assets Cash Accounts receivable Inventories Total current assets Fixed assets Accumulated depreciation (-) Intangible assets TOTAL ASSETS (Round to the nearest dollar.) Balance Sheet 12/31/2016 LIABILITIES Current liabilities $16,000 Notes payable $28,100 Accounts payable $48,200 Total current liabilities 92,300 Long-term debt $367,800 OWNERS' EQUITY $142,100 Retained earnings $82,000 Common stock TOTAL LIABILITIES AND 400,000 OWNERS' EQUITY (Round to the nearest dollar.) Balance Sheet 12/31/2017 LIABILITIES Current liabilities $26,100 Notes payable $19,100 Accounts payable $53,000 Total current liabilities 98200 Long-term debt $448,100 OWNERS' EQUITY 188200 Retained earnings $81 ,800 Common stock TOTAL LIABILITIES AND $ OWNERS' EQUITY Complete the balance sheet. Hint: Find the accumulated depreciation for 2017 first. Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 $13,900 $18,900 32,800 $190,200 45,000 $132,000 400,000 $12,200 $24,200 36400 $161,800 $182,000 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) $350,100 $142,000 $42,800 $27,900 $46, 100 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 12/31/2016 LIABILITIES $16,000 Notes payable $28,100 Accounts payable $48,200 Long-term debt $367,800 OWNERS' EQUITY $142,100 Retained earnings $82,000 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 12/31/2017 LIABILITIES $26,100 Notes payable $19,100 Accounts payable $53,000 Long-term debt $448,100 OWNERS' EQUITY Retained earnings $81 ,800 Common stock $13,900 $18,900 $190,200 $132,000 $12,200 $24,200 $161 ,800 $182,000 print Done
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