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please i need the final results Assets Equities Cash $315000 Accounts payable $636000 Accounts receivable (net) 1960000 Income taxes payable 192000 Inventories 2442000 230000 Miscellaneous
please i need the final results
Assets Equities Cash $315000 Accounts payable $636000 Accounts receivable (net) 1960000 Income taxes payable 192000 Inventories 2442000 230000 Miscellaneous accrued payables Bonds payable (8%, due 2023) Plant and equipment, 1900000 net of depreciation 1984000 Preferred stock ($100 par. 6% Patents 264000 740000 cumulative nonparticipating) Other intangible assets 73500 Common stock (no par Total Assets $7038500 shares authorized, issued and outstanding) 1125000 Retained earnings 2435500 Treasury stock 1500 shares of preferred (220000) Total Equities $7038500 Swifty Corporation Income Statement Year Ended December 31, 2021 Net sales $9400000 Cost of goods sold 5500000 Gross profit 3900000 Operating expenses (including bond interest expense) 1400000 Income before income taxes 2500000 Income tax 470000 Net income 2030000 Additional information: There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2021. and there were no changes in the Bonds Payable. Preferred Stock, or Common Stock accounts during 2021. Assume that preferred dividends for the current year have not been declared. At December 31, 2021, the book value per share of common stock was $58.11 $58,60 $55.61 $59.34 Step by Step Solution
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