Question
The accumulated depreciation for 2017 is $189100 Complete the balance sheet for 2016 ans 2017 (Round to the nearest dollar.) Partial Income Statement Year Ending
The accumulated depreciation for 2017 is $189100
Complete the balance sheet for 2016 ans 2017
(Round to the nearest dollar.)
| Partial Income Statement Year Ending 2017 | |
| Sales revenue | $350,000 |
| Cost of goods sold | $141,800 |
| Fixed costs | $43,100 |
| Selling, general, and administrative expenses | $27,900 |
| Depreciation | $45,900 |
| Partial Balance Sheet 12/31/2016 | |||
| ASSETS |
| LIABILITIES |
|
| Cash | $15,900 | Notes payable | $13,800 |
| Accounts receivable | $28,200 | Accounts payable | $18,900 |
| Inventories | $47,800 | Long-term debt | $190,200 |
| Fixed assets | $368,100 | OWNERS' EQUITY |
|
| Accumulated depreciation (-) | $143,200 | Retained earnings |
|
| Intangible assets | $82,000 | Common stock | $132,000 |
| Partial Balance Sheet 12/31/2017 | |||
| ASSETS |
| LIABILITIES |
|
| Cash | $25,800 | Notes payable | $12,200 |
| Accounts receivable | $19,100 | Accounts payable | $24,100 |
| Inventories | $53,200 | Long-term debt | $161,900 |
| Fixed assets | $447,900 | OWNERS' EQUITY |
|
| Accumulated depreciation (-) |
| Retained earnings |
|
| Intangible assets | $81,900 | Common stock | $181,800 |
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