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Presented below are the financial statements of Metlock Company. Metlock Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $ 122,150 $ 69,800 Accounts
Presented below are the financial statements of Metlock Company. Metlock Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $ 122,150 $ 69,800 Accounts receivable 69.800 48.860 Inventory 97.720 69.800 Property, plant, and equipment 209.400 272.220 Accumulated depreciation (111.680 (83.7603 Total $387.390 $376,920 Liabilities and Stockholders' Equity Accounts payable $ 66,310 $ 52,350 Income taxes payable 24,430 27.920 Bonds payable 59.330 115,170 Common stock 62,820 48.860 Retained earnings 174,500 132.620 Total $387,390 $376,920 Metlock Company Income Statement For the Year Ended December 31, 2020 Sales revenue $844,580 Cost of yoods sold 610.750 Gross proht 233,830 Selling expenses 562.820 Administrative expenses 20.940 83.700 income from operations 150070 Interest 10.490 income before income 139.00 Income taxe 27.220 511160 Action 1 2 Donations Dungaw 2. The etion 3.15 Metlock Company Statement of Cash Flows $ Adjustments to reconcile net income to v A Presented below are the financial statements of Metlock Company. Metlock Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $ 122,150 $ 69,800 Accounts receivable 69.800 48.860 Inventory 97.720 69.800 Property, plant, and equipment 209.400 272.220 Accumulated depreciation (111.680 (83.7603 Total $387.390 $376,920 Liabilities and Stockholders' Equity Accounts payable $ 66,310 $ 52,350 Income taxes payable 24,430 27.920 Bonds payable 59.330 115,170 Common stock 62,820 48.860 Retained earnings 174,500 132.620 Total $387,390 $376,920 Metlock Company Income Statement For the Year Ended December 31, 2020 Sales revenue $844,580 Cost of yoods sold 610.750 Gross proht 233,830 Selling expenses 562.820 Administrative expenses 20.940 83.700 income from operations 150070 Interest 10.490 income before income 139.00 Income taxe 27.220 511160 Action 1 2 Donations Dungaw 2. The etion 3.15 Metlock Company Statement of Cash Flows $ Adjustments to reconcile net income to v A
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