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SHOW YOUR WORKS FOR YOUR CALCULATIONS Answer is not complete. Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets
SHOW YOUR WORKS FOR YOUR CALCULATIONS Answer is not complete. Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ HHD, INC. Balance Sheet At December 31, 2021 Assets Current assets: Cash Investment in equity securities Accounts receivable (net) Inventory Prepaid insurance $ 644,000 533,000 2,308,000 222.000 $ 3,707,000 $ 444,000 803,000 2,460,000 $ 3,707,000 00000 161.000 101.000 211.000 236.000 36.000 lololololo 745,000 Total current assets Investments: Investment in equity securities Restricted cash $ 171.000 261.000 Is 432.000 The captions shown in the summarized statement above include the following: Total investments Property, plant, and equipment: Land Buildings Equipment olol 910.000 1.610.000 610.000 3.130.000 (611.000) a. . Less: Accumulated depreciation - buildings 2.519.000 Current assets: cash. $161,000; accounts receivable (net), $211,000; inventory, $236,000; and prepaid insurance, $36.000. b. Investments: investment in equity securities, short term, $101,000, and long term, $171,000; and restricted cash, long term, $261,000. c. Property, plant, and equipment: buildings, $1,610,000 less accumulated depreciation, $611,000; equipment, $610.000 less accumulated depreciation, $211.000; and land, $910.000. Intangible assets net of amortization: patent, $121,000; and copyright, $101.000. Current liabilities: accounts payable, $111.000; notes payable, short term $161,000, and long term, $101,000; and income taxes payable, $71,000. f. Long-term liabilities: bonds payable due 2023. Shareholders' equity: common stock, $1,550,000; retained earnings, 8910,000. Four hundred thousand shares of no par common stock are authorized, of which 310,000 shares were issued and are outstanding. Net property. plant, and equipment: Intangible assets: Patent (net) Copyright (net) d olo 121.000 101.000 OC e. 222.000 $ 3.918.000 g. Total intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable (current) Income taxes payable $ ololo 111.000 161.000 71.000 343.000 Total current liabilities Long-term liabilities: Notes payable (long-term) Bonds payable ol $ 101.000 803.000 904.000 1.247.000 Total long-term liabilities Total liabilities Shareholders' equity Common stock Retained earnings olo 1.550.000 910.000 2.460.000 Total shareholders equity Total liabilities and shareholders equity $ 3.707.000
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