Summarized versions of Ramirez Corporation's financial statements for two recent years are as follows. (Click the icon to view the financial statements.) Requirement 1. Complete Ramirez 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 $ 16,100 Cost of goods sold 11,060 1,280 Other expenses 1,170 Income before income taxes 1,650 1,890 Income taxes (35%) 662 Net income Statement of Retained Earnings Beginning balance $ 2,780 Net income Summarized versions of Ramirez Corporation's financial statements for two recent years are as follows. Click the icon to view the financial statements.) Requirement 1. Complete Ramirez 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) Net income Dividends (88) (150) Ending balance Balance Sheet Assets Cash Property, plant, and equipment 1,587 1,326 11,707 Other assets $ 14,343 Total assets Liabilities Current liabilities $ 5,650 Long-term debt 4,400 1.025 3,320 1.170 CL.1!_L!1!1!.. Summarized versions of Ramirez Corporation's financial statements for two recent years are as follows. Click the icon to view the financial statements.) Requirement 1. Complete Ramirez 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) Other liabilities 1,023 1,170 Total liabilities $ 9,600 Stockholders' equity: Common stock $ 225 $ 225 Retained earnings 170 120 Other stockholders' equity Total stockholders' equity 4,203 Total liabilities and stockholders' equity Cash Flow Statement $ 950 Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash (290) (550) (400) (460) (130) Summarized versions of Ramirez Corporation's financial statements for two recent years are as follows. Click the icon to view the financial statements.) Requirement 1. Complete Ramirez 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) Common stock $ 225 $ 225 Retained earnings 170 Other stockholders' equity 120 Total stockholders' equity 4,203 Total liabilities and stockholders' equity Cash Flow Statement $ 950 Net cash provided by operating activities Net cash used in investing activities (290) (550) (400) (460) Net cash used in financing activities Increase (decrease) in cash (130) Cash at beginning of year 1,220 Cash at of year
