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Required: Based on the information in the table below, prepare comparative balance sheets for Windswept Woodworks, Incorporated for years 1 and 2. (Round your
Required: Based on the information in the table below, prepare comparative balance sheets for Windswept Woodworks, Incorporated for years 1 and 2. (Round your answers to the nearest whole number.) Windswept Woodworks, Incorporated Input Data (millions of dollars). Accounts receivable Accounts payable Accumulated depreciation Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Inventory Addition to retained earnings Long-term debt Notes payable Gross plant & equipment Retained earnings Sales Other current liabilities Tax rate Market price per share - year end Number of shares outstanding Year 2 Year 1 542 474 1,386 920 6,852 6,722 330 218 1,290 1,210 1,510 n.a. ? n.a. ? n.a. 150 n.a. 1,120 1,116 602 n.a. 918 826 240 390 10,300 10,040 3,168 2,566 3,028 n.a. 126 21% $ 19.80 500 million 106 n.a. $ 17.50 500 million
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