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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
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 (in Thousands) Income Statement Revenues Cost of goods sold 12,690 $ 11,040 1,260 14,500 13,310 1,190 Other expenses Income before income taxes 1,650 578 1,800 630 Income taxes (35%) 1072 1170 Net income Statement of Retained Earnings Beginning balance Net income 3810 $ 1072 (82) 2,700 1170 Dividends (60) 4800 3810 Ending balance Balance Sheet Assets Cash 1245 Property, plant, and equipment 1335 1,346 11,859 Other assets 14,540 Total assets Liabilities Current liabilities Long-term debt 3565 $ 4,750 985 9,300 5,600 3,390 1,130 Other liabilities Total liabilities $ 10,120 Balance Sheet Assets Cash 1245 1335 Property, plant, and equipment 1,587 1,346 11,859 Other assets $ 14,540 Total assets Liabilities Current liabilities 3565 $ 5,600 Long-term debt 4,750 985 Other liabilities Total liabilities 3,390 1,130 10,120 $ 9,300 Stockholders' equity: Common stock Retained earnings 400 $ 400 3810 210 Other stockholders' equity Total stockholders' equity 4,420 14,540 Total liabilities and stockholders' equity Cash Flow Statement 720 $ 1,100 Net cash provided by operating activities Net cash used in investing activities (230) (580) (525) (530) Net cash used in financing activities Increase (decrease) in cash (90) 45 1,290 Cash at beginning of year 1335 Cash at end of year
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