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Summarized versions of Tacos Corporation's financial statements for two recent years are as follows. Click the icon to view the financial statements.) Requirement 1.
Summarized versions of Tacos Corporation's financial statements for two recent years are as follows. Click the icon to view the financial statements.) Requirement 1. Complete Tacos 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) 2022 2021 Income Statement (in Thousands) Revenues 14,850 Cost of goods sold 11,050 1,200 Other expenses 1,190 Income before income taxes 1,560 1,880 851 Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income Dividends $ 2,740 (84) (90) Ending balance Balance Sheet Assets Cash Property, plant, and equipment 1,527 1,336 11,918 * 14,349 Other assets Total assets Liabilities Current labities Long-term debt Other liabilities $ 5,600 4,800 3,410 966 1,110 Total liabilities $ 9,350 Stockholders' equity: Common stock $ 250 $ 250 Retained earnings Other stockholders' equity Total stockholders' equity 130 120 4,229 Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities $ 825 Net cash used in investing activities (260) (500) Net cash used in financing activities (540) (490) Increase (decrease) in cash (150) Cash at beginning of year 1,280 Cash at end of year
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