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Please show work. I am confused about the Liabilities and Stockholders' Equity portion. Thanks! Presented below is the trial balance of Oriole Corporation at December
Please show work. I am confused about the Liabilities and Stockholders' Equity portion. Thanks!
Presented below is the trial balance of Oriole Corporation at December 31, 2025. Cash $198,500DebitCredit Sales Revenue $8,104,040 Debt Investments (trading) (at cost, \$145,000) 157,040 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 300,500 Equity Investments (long-term) 278,500 Notes Payable (short-term) 94,040 Accounts Payable 459,040 Selling Expenses 2,004,040 Investment Revenue 66,950 Land 264,040 Buildings 1,041,500 Dividends Payable 137,500 Accrued Liabilities 100,040 Accounts Receivable 439,040 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 29,040 Administrative Expenses 903,950 Interest Expense 214,950 Inventory 598,500 Gain Notes Payable (long-term) 901,500 Equipment 604,040 Bonds Payable 1,001,500 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Common Stock ( $5 par) Treasury Stock 1,004,040 Treasury Stock 195,040 Patents 195,000 Retained Earnings Balance (before Net Income) Paid-in Capital in Excess of Par Totals $12,354,640$12,354,640 ORIOLE CORPORATION Balance Sheet for the Year Ended December 31 . auc: Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Notes Payable Dividends Payable Accrued Liabilities 100,040 Total Current Liabilities Long-term Liabilities Notes Payable Bonds Payable Total Long-term Liabilities Total Liabilities 1,001,500 Stockholders' Equity Common Stock Paid-in Capital in Excess of Par - Common Stock 81,500 $790,620 Retained Earnings Total Paid-in Capital and Retained Earnings V Less V: Treasury Stock Total Stockholders' Equity Total Liabilities and Stockholders' EquityStep by Step Solution
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