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Summarized versions of Burritos Corporation's financial statements for two recent years are as follows (Click the icon to view the financial statements) Requirement 1. Complete
Summarized versions of Burritos Corporation's financial statements for two recent years are as follows (Click the icon to view the financial statements) Requirement 1. Complete Burritos Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) 2019 2018 Income Statement (in Thousands) Revenues 13840 S 14,500 Cost of goods sold 11.010 11460 1230 1.210 Other expenses Income before income taxes 1,600- 1.830 560 641 Income taxes (35%) 1040 1189 Net income 21 Catement of Retained Earnings eginning balance et income ividends S 2,720 (96) (50) I Ending balance Balance Sheet Assets Cash Property, plant, and equipment 1.477 1.386 11.683 Other assets $ 14,364 Total assets Liabilities Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity $ 5,600 4,700 3,350 965 1,110 S 9,450 Total liabilities and stockholders' equity S 275 $ 275 160 170 4.304 Cash Flow Statement Net cash provided by operating activities $ 900 Net cash used in investing activities (290) (375) Net cash used in financing activities (500) (460) Increase (decrease) in cash (210) Cash at beginning of year 1.230 Cash at end of year
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