Summarized versions of

Espinola

Corporation's financial statements for two recent years are as follows.

(Click the icon to view the financial statements.)

Requirement

1.

Complete

Espinola

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		$15,100
Cost of goods sold	11,010
Other expenses	1,270	1,210
Income before income taxes	1,550	1,880
Income taxes (35%)		658
Net income
Statement of Retained Earnings
Beginning balance		$2,700
Net income
Dividends	(94)	(80)
Ending balance
Balance Sheet
Assets
Cash
Property, plant, and equipment	1,587	1,326
Other assets		11,906
Total assets		$14,447
Liabilities
Current liabilities		$5,640
Long-term debt	4,750	3,390
Other liabilities	955	1,100
Total liabilities	$9,450
Stockholders' equity:
Common stock	$275	$275
Retained earnings
Other stockholders' equity	140	200
Total stockholders' equity		4,317
Total liabilities and stockholders' equity
Cash Flow Statement
Net cash provided by operating activities		$825
Net cash used in investing activities	(220)	(400)
Net cash used in financing activities	(540)	(480)
Increase (decrease) in cash	(210)
Cash at beginning of year		1,270
Cash at end of year