The following financial statements apply to Thornton Company: The following financial statements apply to Thornton Company

e 12 The following financial statementS fly: ractice Exercise 1 Z 182,400 2193 3 125, 3 -20, 6 178, 149, 600 32, 100, 200 146* 200 107 ooo 700 Revenues Expenses Cost of goods sold Selling expenses General and administrative interest expense income tax expense Total expenses Net income Assets Cursoen assets Cash Market-able securities Ac-c-ouns receivable Invenories id expenses 'IoBJ cuersen asset s and equiprneo (net) expen sesfti!i' f quif y 11, 2, 700 19, 40, 400 5, 100 1, 500 35, 300 100 11y1U 18 17,200 8, ooo 1 , 500 31, 600 94>200 13 S 24 S A 400