The balance sheet provides a snapshot of the financial condition of a company. Investors and analysts use the information given on the balance sheet

and other financial statements to make several interpretations regarding the company's financial condition and performance.

Cold Goose Metal Works Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of

operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheet.

Cold Goose Metal Works Inc. Balance Sheet for Year Ending December $31($Millions of Dollars$)$