Question
Spence Resources Inc's December 31 incomplete balance sheet information follows along with additional information Accounts payable 2023 $362,520 2022 2021 $212,300 119,500 Accounts receivable,
Spence Resources Inc's December 31 incomplete balance sheet information follows along with additional information Accounts payable 2023 $362,520 2022 2021 $212,300 119,500 Accounts receivable, net 262,320 177,116 138,560 Cash 73,320 99,234 103,840 Common shares 471,000 471,000 471,000 Long-term notes payable due 2026 Inventory Plant assets, net Prepaid expenses 281,000 295,000 239,000 320,200 239,000 156,400 793,000 730,000 658,600 27,800 27,160 11,840 47.100 shares were issued and outstanding for all three years. Common shares market price Annual cash dividends declared per share December 31, 2023 $ 45.00 2.20 2022 $ 44.00 1.90 Required: Prepare a three-year comparative balance sheet for Spence Resources Inc. (Enter all amounts as positive w SRENCE RESOURCES INC.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started