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step by step with formuls plz The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31,

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The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2012 (Millions of Dollars) ASSETS LIABILITIES AND EQUITY Accounts payable Notes payable Accruals $15 515 Cash and marketable securities $120 220 Accounts receivable Inventories 880 $1,410 2,590 280 $620 1.520 $2,140 Common stock (100 million shares) 260 1.600 $1.860 Total liabilities and equity $4.000 Total current assets Total current liabilities Net plant and equipment Long-term bonds Total debt Retained earnings Common equity Total assets $4.000 PROBLEM Ch3/Q14 Davidson Corporation: Income Statement for Year Ending December 31, 2012 (Millions of Dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT $6,250 5.230 $1,020 220 $ 800 180 620 Taxes (40%) 248 $372 Net income Common dividends paid Earnings per share $146 $3.72 a. Construct the statement of stockholders' equity for December 31, 2012. No common stock was issued during 2012 b. How much money has been reinvested in the firm over the years? c. At the present time, how large a check could be written without it bouncing? d. How much money must be paid to current creditors within the next year

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