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PLEASE SHOW WORK Q: Financial data for Bridger, Inc., for last year are as follows: Bridger, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash

PLEASE SHOW WORK Q:

Financial data for Bridger, Inc., for last year are as follows:

Bridger, Inc. Balance Sheet

Beginning Balance

Ending Balance

Assets

Cash

$

125,000

$

130,000

Accounts receivable

340,000

480,000

Inventory

570,000

490,000

Plant and equipment, net

845,000

820,000

Investment in Brier Company

400,000

430,000

Land (undeveloped)

250,000

250,000





Total assets

$

2,530,000

$

2,600,000









Liabilities and Stockholders' Equity

Accounts payable

$

380,000

$

340,000

Long-term debt

1,000,000

1,000,000

Stockholders' equity

1,150,000

1,260,000





Total liabilities and stockholders' equity

$

2,530,000

$

2,600,000










Bridger, Inc. Income Statement

Sales

$

4,180,000

Operating expenses

3,553,000



Net operating income

627,000

Interest and taxes:

Interest expense

$ 120,000

Tax expense

200,000

320,000




Net income

$

307,000






The company paid dividends of $197,000 last year. The

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