Prepare a 2017 balance sheet for Jarrow Corp. based on the following information: cash = $146,000; patents and copyrights = $630,000; accounts payable = $222,500; accounts receivable = $165,000; tangible net fixed assets = $1,665,000; inventory = $302,500; notes payable = $135,000; accumulated retained earnings = $1,240,000; long-term debt = $864,000

Complete the following analysis. Do not hard core values in your answers meaning: a calculation using cells, not numbers, is needed.

Sales Costs Other expenses EBIT Interest expense Taxable income Taxes Net income 743.000 578.000 15.200 149.800 11.200 138.600 48.510 90.090 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment 20.240 32.560 69.520 122,320 All S S 330,400 Dividends Add to retained earnings 27.027 63.063 Total assets S Sales increase Tax rate 452.720 20.00% 35% Liabilities and owners' equity S Accounts payable Notes payable Total Long-term debt $ $ 54 400 13.600 68.000 126,000 Owners' equity Common stock and paid-in surplus $ 112,000 Total Total liabilities and owners' equity 452.720 Complete the following analysis. Do not hard code values in your answers. Dividend payout ratio 2012 Pro Forma Income Statement Sales Costs Other expenses EBIT Assets Current assets Cash Accounts receivable Inventory Taxable income Taxes Net income Fixed assets Net plant and equipment Dividends Add. TO RE Total assets External financing Liabilities and owners' equity Accounts payable Notes payable Owners equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity