Save Homework: Chapter 4 Homework Score: 0 of 2 pts 1 of 6 complete HW Score: 0%, 0 of 9 pts P4-1 (similar to) Question Help Preparing common inancial statements the newest hire to the financial analysis group at Paterson Printing Company, you have been asked to perform a boss financial wys of the company's most recent financiers The 2016 balance sheet and income statement for the Patterson are own here her doosing your training migment with a foliowany who was hired last year, you leam altfest step in your completing the mentis to prepare a conosce wheat for Pattern b. The seconds to reach comment for them 2. Medicusing your uning with a towar wys who was teeds yow, you want to pin your coming the gate to prepare a commencer Person Complete the common si balance she wounds on deman) Common SineBianche Cash and more . Abeceivable 5.900 0.510 $ 15.000 Nel property, part, and went 17020 32:40 Accounts payable 7210 6,90 5 14.000 $ S S 20.00 Enter any numbers and then click here Patterson Printing Company Balance Sheet, December 31, 2016 Cash and marketable securities Accounts receivable Inventory Total current assets Net property, plant, and equipment Total assets Accounts payable Short-term debt Total current liabilities Long-term liabilities Total liabilities Total common stockholders' equity Total liabilities and stockholders' equity $450 5,960 9,510 $15,920 17,020 $32,940 $7,210 6,790 $14,000 6,980 $20,980 11,960 $32,940 Patterson Printing Company Income Statement for the Year Ended December 31, 2016 Revenues $30,040 Cost of goods sold (20,010) Gross profit $10,030 Operating expenses (7,970) Net operating income $2,060 Interest expense (930) Earnings before taxes $1,130 Income taxes (411) Net income $719