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The 2013 balance sheet for Hallbrook Industries, Inc., is shown below. HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2013 ($ in 000s) Assets Cash $
The 2013 balance sheet for Hallbrook Industries, Inc., is shown below. |
HALLBROOK INDUSTRIES, INC. | |||
Balance Sheet | |||
December 31, 2013 | |||
($ in 000s) | |||
Assets | |||
Cash | $ | 330 | |
Short-term investments | 280 | ||
Accounts receivable | 330 | ||
Inventories | 360 | ||
Property, plant, and equipment (net) | 2,300 | ||
Total assets | $ | 3,600 | |
Liabilities and shareholders equity | |||
Current liabilities | $ | 530 | |
Long-term liabilities | 480 | ||
Paid-in capital | 1,400 | ||
Retained earnings | 1,190 | ||
Total liabilities and shareholders equity | $ | 3,600 | |
The companys 2013 income statement reported the following amounts ($ in 000s
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