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The following accounts and related balances of Cardinal Designers, Inc., as of December 31, 2018, are arranged in no particular order: (Click the icon
The following accounts and related balances of Cardinal Designers, Inc., as of December 31, 2018, are arranged in no particular order: (Click the icon to view the account information.) Read the requirements. Cardinal Designers, Inc. Balance Sheet December 31, 2018 Liabilities Assets Current assets: Current liabilities: Cash $ 46,000 Accounts payable Accounts receivable, net 32,000 Accrued liabilities: Inventory 92,000 Dividends payable 15,000 Prepaid expenses Total current assets Total current liabilities 185,000 Long-term note payable Property, plant and equipment, net 359,000 Total liabilities $ 134,000 21,000 5,000 160,000 97,000 257,000 Intangible assets: Stockholders' Equity Goodwill 11,000 Common stock, 1.00 par, Trademarks, net 3,000 300,000 shares authorized 118,000 shares issued 92000 shares outstanding 118,000 Paid-in capital in excess of par-common i 23,000 Re Retained earnings Less: Treasury stock, common 19,000 shares at cost (34,000) 1. 2. Total stockholders' equity $ 558,000 3. Total assets Total liabilities and stockholders' equity
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