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The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2016 (Millions of Dollars) Assets Liabilities

The Davidson Corporation's balance sheet and income statement are provided here.

Davidson Corporation: Balance Sheet as of December 31, 2016
(Millions of Dollars)
Assets Liabilities and Equity
Cash and equivalents $15 Accounts payable $150
Accounts receivable 490 Accruals 290
Inventories 920 Notes payable 235
Total current assets $1,425 Total current liabilities $675
Net plant and equipment 2,490 Long-term bonds 1,500
Total liabilities $2,175
Common stock (100 million shares) 240
Retained earnings 1,500
Common equity $1,740
Total assets $3,915 Total liabilities and equity $3,915

Davidson Corporation: Income Statement for Year Ending December 31, 2016
(Millions of Dollars)
Sales $6,500
Operating costs excluding depreciation and amortization 5,135
EBITDA $1,365
Depreciation and amortization 130
EBIT $1,235
Interest 174
EBT $1,061
Taxes (40%) 424.4
Net income $636.6
Common dividends paid $451.986
Earnings per share $6.366
  1. Construct the statement of stockholders' equity for December 31, 2016. No common stock was issued during 2016. Write out all your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar.
    Common Stock Retained Total Stockholders'
    Shares Amount Earnings Equity
    Balances, 12/31/15 $ $ $
    2016 Net income
    Cash dividends
    Addition to RE
    Balances, 12/31/16 $ $ $
    Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25.
  2. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. $million
  3. At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, if necessary. $million
  4. How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary. $million

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