Problem 2, 3 & 4 (RED answers means its wrong)

\begin{tabular}{|lr|} \hline Current Year & \\ Sales & 207,000 \\ Total Costs (COGS \& Admin.) & 168,000 \\ Common stock \& Paid-in Capital & 15,000 \\ Retained earnings & 352,620 \\ Dividends Paid & 12,600 \\ Accounts payable & 7,800 \\ Notes payable & 17,100 \\ Long-term debt & 84,000 \\ Net income & 30,810 \\ Cash & 9,420 \\ Accounts receivable & 12,600 \\ Inventory & 19,500 \\ Net plant and equipment & 435,000 \\ Tax rate & 21% \\ \hline \end{tabular} Output areas: Dak's Cowboy Emporium Dak's Cowboy Emporium Pro Forma Balance Sheet Assets Problem 4 Current assets Cash Accounts Receivable Inventory Total Fixed assets Net plant and equipment Liabilities and Owners' equity Current liabilities Accounts payable Notes payable Total TotalLiabilitiesLong-termdebt Owners' equity Common stock \& Paid-in Capital Retained earnings Total Equity Total liabilities and Owners' equity IS. 500.12434 \begin{tabular}{|lr|} \hline Current Year & \\ Sales & 207,000 \\ Total Costs (COGS \& Admin.) & 168,000 \\ Common stock \& Paid-in Capital & 15,000 \\ Retained earnings & 352,620 \\ Dividends Paid & 12,600 \\ Accounts payable & 7,800 \\ Notes payable & 17,100 \\ Long-term debt & 84,000 \\ Net income & 30,810 \\ Cash & 9,420 \\ Accounts receivable & 12,600 \\ Inventory & 19,500 \\ Net plant and equipment & 435,000 \\ Tax rate & 21% \\ \hline \end{tabular} Output areas: Dak's Cowboy Emporium Dak's Cowboy Emporium Pro Forma Balance Sheet Assets Problem 4 Current assets Cash Accounts Receivable Inventory Total Fixed assets Net plant and equipment Liabilities and Owners' equity Current liabilities Accounts payable Notes payable Total TotalLiabilitiesLong-termdebt Owners' equity Common stock \& Paid-in Capital Retained earnings Total Equity Total liabilities and Owners' equity IS. 500.12434