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Summarized versions of Heartstring Corporation's financial statements for two recent years are as follows. E (Click the icon to view the financial statements.) Requirement 1.
Summarized versions of Heartstring Corporation's financial statements for two recent years are as follows. E (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 a net decrease in cash) ZUTY ZUTO Income Statement (in Thousands) Revenues $ 14,250 Cost of goods sold 11,060 1,220 Other expenses 1,160 Income before income taxes 1,550 1,850 648 Income taxes (35%) Net income Statement of Retained Earnings Statement of Retained Earnings $ 2,710 Beginning balance Net income Dividends (78) (50) Ending balance Balance Sheet Assets Cash Property, plant, and equipment 1,517 1,306 11,001 Other assets $ 13,377 Total assets Liabilities Current liabilities $ Long-term debt 4,400 5,670 3,330 170 25 Other liabilities Total liabilities $ 9,500 Stockholders' equity: Common stock Retained earnings $ 225 $ 225 Other stockholders' equity 110 120 Total stockholders' equity 4,207 Total liabilities and stockholders' equity Cash Flow Statement $ 900 Net cash provided by operating activities Net cash used in investing activities (200) (530) (550) (480) Net cash used in financing activities Increase (decrease) in cash (170) Cash at beginning of year 1,200 Cash at end of year Enter any number in the edit fields and then click Check
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