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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars 2015 2016 $4,000 $4,100 1,900 2,000 460 340 450 110 370 405 Cost of goods sold Depreciation 440 290 400 110 350 330 380 Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 5,500 6,340 2,900 3,330 520 440 460 821 440 850 Taxes are paid in their entirety in the year that the tax obligation is incurred T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed Construct an income statement for Fincorp for 2015 and 2016.(Input all amounts as positive values. Enter your answers in thousands of dollars.) Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct an income statement for Fincorp for 2015 and 2016.(Input all amounts as positive values. Enter your answers in thousands of dollars.) Fincorp Inc. Income Statement 2015 2016 What were reinvested earnings for 2016? (Enter your answer in thousands of dollars.) Reinvested earnings
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