ST S Requirements - X X 1. Determine the missing amounts denoted by the letters. 2. As Praline Corporation's CEO, use the financial statements to answer these questions about the company. Explain each of your answers, and identify the financial statement where you found the information. a. Did operations improve or deteriorate during 2020? b. What is the company doing with most of its income? c. How much in total resources does the company have to work with as it moves into the year 2021? d. At the end of 2019, how much did the company owe creditors? At the end of 2020, how much did the company owe? Is this trend good or bad in comparison to the trend in assets? e. What is the company's major source of cash? Is cash increasing or decreasing? What is your opinion of the company's ability to generate cash? Print Done 00 10,075 Balance Sheet $ 14,353 Assets: Cach $ q $ 0 Homework: Assignment Summarized versions of the Praline Corporation's financial statements are given for two years. (Click the icon to view the financial statements.) Requirements Part 1 of 6 0,06 Points: 0 of 25 1 X Income Statement Financial statements Revenues 17,390 $ 16,250 Cost of goods sold 11,010 11,410 1,280 1,180 2020 2019 Other expenses Earnings before income taxes Income Statement (In Thousands) 4,700 3,660 income taxes (35% tax rate) 1,281 Revenues $k$ 16,250 Cost of goods sold 11,010 Net earnings Statement of Retained Earnings Other expenses 1,280 1,180 Beginning balance Earnings before income taxes 4,700 3,660 $ 2,650 Net earnings Income taxes (35% tax rate) 1,281 Dividends (299) (206) Sm $6 Net earnings Statement of Retained Earnings Ending balance Balance Sheet Beginning balance n$ 2.650 Net earnings Assets: Cash Dividends Capital assets 2,000 Other assets 1,800 10.673 Ending balance (299) (206) $p $d Balance Sheet Total assets 14,353 Assets: Liabilities Cash Help me solve this Calculator Ask my instructor. Capital assets Other assets $q $o 2,000 1,800 10,673 MacBook Pro Requirements $ 14,353 Total assets Liabilities: Current liabilities 5,640 Notes payable and long-term debt 4,500 3,380 40 160 Other liabilities Total liabilities .9,480 Shareholders' Equity: Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity Statement of Cash Flows 350 $ 350 5,173 Net cash provided by operating activities 1,850 Net cash used in investing activities (1,020) (920) Net cash used in financing activities Increase (decrease) in cash Cash at beginning of year Cash at end of year (670) (1,070) 430 2,020 Help me solve this Calculator Ask my instructor