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Please help me finish this question thanks. The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. from one year ago
Please help me finish this question thanks.
The following table presents the long-term liabilities and stockholders' equity of Information Control Corp. from one year ago 65,700,000 Long-term debt 4,070,000 15,700,000 135,700,000 Preferred stock Common stock ($1 par value) Accumulated retained earnings 45,700,000 Capital surplus During the past year, the company issued 10.7 million shares of new stock at a total price of $59.4 million, and issued $35.7 million in new long-term debt. The company generated $10.4 million in net income and paid $2.7 million in dividends. Construct the current balance sheet reflecting the changes that occurred at the company during the year. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567.) Information Control Corp. Current Balance Sheet During the past year, the company issued 10.7 million shares of new stock at a total price of $59.4 million, and issued $35.7 million in new long-term debt. The company generated $10.4 million in net income and paid $2.7 million in dividends. Construct the current balance sheet reflecting the changes that occurred at the company during the year. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567) Information Control Corp. Current Balance Sheet Long-term debt 101,400,000 Total long-term debt 369,370,000 Shareholders equity Common stock 26,400,000 Capital surplus 94,400,000 Accumulated retained earnings 143,400,000 Preferred stock Total equity Total Liabilities & EquityStep by Step Solution
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