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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

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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) \begin{tabular}{|c|c|c|} \hline & 2022 & 2021 \\ \hline Income Statement & \multicolumn{2}{|c|}{ (in Thousands) } \\ \hline Revenues & 14,830 & 16,000 \\ \hline Cost of goods sold & 12,010 & 12,750 \\ \hline Other expenses & 1,260 & 1,150 \\ \hline Income before income taxes & 1,560 & 2,100 \\ \hline Income taxes (35\%) & 546 & 735 \\ \hline Net income & 1,014 & 1,365 \\ \hline \multicolumn{3}{|l|}{ Statement of Retained Earnings } \\ \hline Beginning balance & 3,945 & 2,690 \\ \hline Net income & 1,014 & 1,365 \\ \hline Dividends & (78) & (110) \\ \hline Ending balance & 4,881 & 3,945 \\ \hline \multicolumn{3}{|l|}{ Balance Sheet } \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash & 1,350 & 1,430 \\ \hline Property, plant, and equipment & 1,497 & 1,356 \\ \hline ntho....nnet. & & 11,879 \\ \hline \end{tabular} Summarized versions of Espinola Corporation's financial statements for two recent years are as follows. Total assets Liabilities Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{lll} \hline & $ & 5,680 \\ & 4,400 & 3,380 \\ & 1,025 & 1,170 \\ \hline & 9,000 & \\ \hline \end{tabular} Cash Flow Statement Net cash provided by operating activities $1,075 Net cash used in investing activities (310) (475) Net cash used in financing activities (610) (460) Increase (decrease) in cash (80) Cash at beginning of year \begin{tabular}{|c|c|} \hline c. & 1,075 \\ \hline (310) & (475) \\ \hline (610) & (460) \\ \hline(80) & \\ \hline & 1,290 \\ \hline= & \\ \hline \end{tabular} Cash at end of year

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