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The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022 while the income statement
The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022 while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022. All values are in thousands of dollars. Revenue 2021 $ 5,000 2022 $ 5,100 Cost of goods sold 1,800 1,900 Depreciation 590 610 Inventories 290 340 Administrative expenses 540 590 Interest expense 280 280 Federal and state taxes* 560 580 Accounts payable 280 350 Accounts receivable 450 500 Net fixed assets+ 5,700 6,350 Long-term debt 1,500 1,890 Notes payable 990 560 Dividends paid 360 360 Cash and marketable securities 850 340 * 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 a balance sheet for Fincorp for 2021 and 2022. Note: Enter your answers in thousands of dollars. Fincorp Incorporated Balance Sheet Assets 2021 2022 Liabilities and Shareholders' Equity 2021 2022 Total liabilities $ 0 $ 0 Total assets $ 0 $ 0 Total liabilities and shareholders' equity $ 0 $ 0
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