REQUIRED:

Cura Company Statement of Financial Position As of December 31, 2020 ASSETS Current Assets Cash 550,000 Receivables 120,500 Inventories 83,725 Other Current Assets 750,000 Total Current Assets 1,504,225 Non-current Assets Property, Plant, and Equipment, net 1,040,000 Other Non-current Assets 635,670 Total Non-current Assets 1,675,670 Total Assets 3,179,895 fppt.com Cura Company Statement of Financial Position As of December 31, 2020 Liabilities and Equity Current Liabilities Notes Payable (external funds needed) Stockholder's Equity Capital Stock Retained Earnings Total Stockholders' Equity 100,000 161,875 261,875 1,090,000 Trade Payables Income Taxes Payable 12,520 Total Liabilities and Stockholders' Equity 3,179,895 Current Portion of Long- term Debt 850,000 Other Current Liabilities 65,500 2,018,020 Total Current Liabilities Non-current Liabilities Long-term Debt, Net of current portion Total Liabilities 900,000 2,918,020 fppt.com Determine External Funds Needed (EFN) and how it may be financed. 2020 Balances Change 2021 Balances without EFN ? ? ? ? ? ? Total Assets Total Liabilities Total Stockholders' Equity ? ? ? External Funds Needed ? Cura Company Statement of Financial Position As of December 31, 2020 ASSETS Current Assets Cash 550,000 Receivables 120,500 Inventories 83,725 Other Current Assets 750,000 Total Current Assets 1,504,225 Non-current Assets Property, Plant, and Equipment, net 1,040,000 Other Non-current Assets 635,670 Total Non-current Assets 1,675,670 Total Assets 3,179,895 fppt.com Cura Company Statement of Financial Position As of December 31, 2020 Liabilities and Equity Current Liabilities Notes Payable (external funds needed) Stockholder's Equity Capital Stock Retained Earnings Total Stockholders' Equity 100,000 161,875 261,875 1,090,000 Trade Payables Income Taxes Payable 12,520 Total Liabilities and Stockholders' Equity 3,179,895 Current Portion of Long- term Debt 850,000 Other Current Liabilities 65,500 2,018,020 Total Current Liabilities Non-current Liabilities Long-term Debt, Net of current portion Total Liabilities 900,000 2,918,020 fppt.com Determine External Funds Needed (EFN) and how it may be financed. 2020 Balances Change 2021 Balances without EFN ? ? ? ? ? ? Total Assets Total Liabilities Total Stockholders' Equity ? ? ? External Funds Needed