The Statements of Financial Position of Plymouth Incorporated and Studebaker Incorporated at December 31, 2018, were:

Assignment 5 - Protected View - Saved to this PC O Search for commands, text, help, and more Sign in X File Home Insert Draw Design Layout References Mailings Review View Help Share Comments AutoSave ( Off ) i PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X The Statements of Financial Position of Plymouth Incorporated and Studebaker Incorporated at December 31, 2018, were : STATEMENTS OF FINANCIAL POSITION as at December 31, 2018 Plymouth Inc. Studebaker Inc. Cash $ 26,000 $ 97,600 Receivables 50,000 177,200 Inventories 160,000 124,000 Investment in subsidiary 415,800 Property, plant and equipment 1,480,000 980,000 Accumulated amortization (1,251,800) (696,800 Patents (net of amortization) $2,000 $ 880,000 $ 744,000 Current liabilities 120,000 106,000 Dividends payable 12,000 60,000 Bonds payable 188,000 Common shares 400,000 300,000 Retained earnings 160,000 278,000 $ 880,000 $ 744,000 Page 2 of 3 1078 words [ Focus + 100% Type here to search O W 11:33 PM 7/27/2020