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The following information has been extracted from the financial statements of a company. Use it to answer the 7 questions that follow it. When answering

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The following information has been extracted from the financial statements of a company. Use it to answer the 7 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar. There is no other items in the stock owners section in the balance sheets of 2015 and 2016. There is no issuance of equity in 2016. DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthestis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar. 1. What is the amount for Notes Payable in 2016? A 2. What is amount for Common Stock for 2016? A 3. What is the change in retained earnings for 2016 ? A 4. What is the amount for Long Term Debt in 2016? A 5. What is the amount for Current Assets in the Balance Sheet in 2015? A) 6. What is the amount for Cash in the Balance Sheet for 2015? A) 7. What is the amount for Current Liabilities in the Balance Sheet in 2015 ? A/ Page 5 of 7

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