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Problem 6: Current Assets and Liabilities: The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation: Accounts $$ Cash

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Problem 6: Current Assets and Liabilities: The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation: Accounts $$ Cash and cash equivalent 5,000 Accounts receivable 20,000 Inventories 60,000 Property, plant, and equipment (net) 120,000 Accounts payable 44,000 Wages payable 15,000 Paid-in-capital 100,000 The only assets not listed is short-term investments. The only liabilities not listed are $30,000 note payable due in two years and related accrued interest of $1,000 due in four month months. The current ratio at year-end is 1.5:1. I Prepare a continuous, multiple step statement of comprehensive income for the year ended on December 31, 2018

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