Summarized versions of Heartstring Corporation's financial statements for two recent years are as follows (click the icon to view the financial statements) Requirement 1. Complete Heartstring 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 and crease inch 2019 2018 (in Thousanda) Income Statement 15,750 $ 11.110 1.200 1.210 1,540 1.600 651 Revenues Cost of goods sold Other expenses Income before income taxes Income taxes (35%) Not incomo Statement of Retained Earnings Beginning balance Not income 2.710 $ 2,710 (82) (80) Statement of Retained Earnings Beginning balance Net income Dividends Ending balance Balance Sheet Assets Cash Property, plant, and equipment 1,477 1,366 11,768 Other assets $ 14,254 Total assets Liabilities Current liabilities $ 5,670 Property, plant, and equipment 1,477 Other assets 1,366 11,768 $ Total assets Liabilities 14,254 $ 5,670 4,500 965 3,310 1,110 $ 9,000 Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity $ 225 $ 225 110 100 4,164 Stockholders' equity: Common stock $ 225 $ 225 Retained earnings 110 100 Other stockholders' equity Total stockholders' equity 4,164 $ 850 Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash Cash at beginning of year (250) (530) (450) (510) (120) 1,230 Cash at end of year Data Table 2019 2018 Income Statement Revenues (in Thousands) $k $ 15,750 11,110 1,200 1,210 Cost of goods sold a Other expenses Income before income taxes 1,540 1,860 651 1 Income taxes (35%) $ m $b Net income Statement of Retained Earnings Beginning balance $n$ 2,710 Net income Dividends declared (82) (80) $p $d Ending balance Balance Sheet o C Net income (82) (80) $d Dividends declared $p Ending balance Balance Sheet Assets $9 $ e Cash 1,477 Property, plant, and equipment 1,366 11,768 r Other assets $s $ 14,254 Total assets Liabilities Current liabilities $t $ 5,670 4,500 3,310 965 1,110 Long-term debt Other liabilities 9,000 $f Total liabilities Stockholders' equity: VITTOI TIODTITETOS Total liabilities $ 9,000 $f Stockholders' equity: Common stock $ 225 $ 225 Retained earnings u g 100 110 Other stockholders' equity V Total stockholders' equity 4,164 $ w $h Total liabilities and stockholders' equity Cash Flow Statement $x $ 850 Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash (250) (530) (450) (510) (120) i 1,230 Cash at beginning of year $ z $j Cash at end of year
