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Required: Following is selected information from the balance sheet for Flaps Inc. Solve for the missing amounts for each of the five years Flaps Inc.
Required: Following is selected information from the balance sheet for Flaps Inc. Solve for the missing amounts for each of the five years Flaps Inc. Balance Sheet Year 2016 2018 2019 2020 2017 Assets 5,200 S 5,275 Current assets 5,315 8,667 8,968 Non-current assets 8,721 14,040 14,351 Total assets Liabilities Current liabilities 3,420 3,467 3,517 Non-current liabilities 5,231 5,335 5,454 8,630 8,929 Total liabilities 8,683 Stockholders' Equity 138 139 Common stock 142 144 2,247 Additional paid-in capital 2,216 2,296 2,422 Contributed capital 2,340 2,387 2,795 Retained earnings 2,813 2,851 5,168 Total stockholders' equity 5,314 5,354 13,765 Total liabilities and equity
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