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Question Help Summarized versions of CoraCora Corporation's financial statements are given for two recent years. LOADING...(Click the icon to view the financial statements.) Requirement 1.
Question Help Summarized versions of CoraCora Corporation's financial statements are given for two recent years. LOADING...(Click the icon to view the financial statements.) Requirement 1. Complete CoraCora Corporation's financial statements by determining the missing amounts denoted by the letters. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) 2017 2016 Income Statement (in Thousands) Revenues 8070 $15,100 Cost of goods sold 11,010 12070 Other expenses 1,290 1,220 Income before income taxes 1,650 1,810 Income taxes (35%) 634 Net income 244 Statement of Retained Earnings Beginning balance $2,660 Net income Dividends (86) (100) Ending balance Balance Sheet Assets: Cash Property, plant, and equipment 1,537 1,366 Other assets 10,785 Total assets $13,456 Liabilities: Current liabilities $5,600 Long-term debt 4,450 3,330 Other liabilities 35 180 Total liabilities $9,250 Stockholders' Equity: Common stock $ 450 $ 450 Retained earnings Other stockholders' equity 200 160 Total stockholders' equity 4,346 Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities $1,025 Net cash used in investing activities (200) (450) Net cash used in financing activities (610) (480) Increase (decrease) in cash (130) Cash at beginning of year 1,210 Cash at end of year
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