Please provide an explanation

FINANCIAL STATEMENTS The Davidson Corporation's balance sheet and income statement are provided here

FINANCIAL STATEMENTS The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2008 (Millions of Dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 15 515 880 $1,410 2,590 $4,000 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock (100 million shares) Retained earnings Common equity Total liabilities and equity Davidson Corporation: Income Statement For Year Ending December 31, 2008 (Millions of Dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (40%) Net income Common dividends paid Earnings per share 120 220 280 620 1,520 $ 2,140 260 1 ,600 $ 1,860 s 4,000 $6,250 5,230 $1 ,020 220 $ 800 180 $ 620 248 s 372 $ 146 $ 372 a. b. c. d. Construct the statement of stockholders' equity for December 31, 2008. How much money has been reinvested in the firm over the years? At the present time, how large a check could be written without it bouncing? How much money must be paid to current creditors within the next year?