Problem 3-16 Financial Statements The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2014 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $10 Accounts payable $120 Accounts receivable 550 Notes payable 210 Inventories 900 Accruals 270 Total current assets $1,460 Total current liabilities $600 Net plant and equipment 2,310 Long-term bonds 1,500 Total debt $2,100 Common stock (100 million shares) 270 Retained earnings 1,400 Common equity $1,670 Total assets $3,770 Total liabilities and equity $3,770 Davidson Corporation: Income Statement for Year Ending December 31, 2014 (Millions of Dollars) Sales $4,500 Operating costs excluding depreciation and amortization 2,745 EBITDA $1,755 Depreciation and amortization 180 EBIT $1,575 Interest 252 EBT $1,323 Taxes (40%) 529.2 Net income $793.8 Common dividends paid $432.621 Earnings per share $7.938 Construct the statement of stockholders' equity for December 31, 2014. No common stock was issued during 2014. Write out all your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar. Common Stock Retained Total Stockholders' Shares Amount Earnings Equity Balances, 12/31/13 $ $ $ 2014 Net income $ Cash dividends $ Addition to RE $ Balances, 12/31/14 $ $ $ Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. $ million At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, if necessary. $ million How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary. $ million Check My Work (3 remaining) Icon Key Previous Question 3 of 9 NextProblem 3.16