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This is all one exercise, please complete all of it. Problem 24-4 Presented below is the comparative balance sheet for Bridgeport Company. BRIDGEPORT COMPANY COMPARATIVE

This is all one exercise, please complete all of it.

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Problem 24-4 Presented below is the comparative balance sheet for Bridgeport Company. BRIDGEPORT COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017 December 31 2018 2017 Assets Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Plant & equipment Accumulated depreciation 220,900 272,700 1,062,500 24,700 2,578,600 $178,600 $274,000 155,100 150,900 985,400 24,700 1,957,600 (995,300) (748,600) $3,342,700 $2,799,100 Liabilities and Stockholders' Equity Accounts payable Accrued expenses Bonds payable Capital stock Retained earning:s $74,600 199,400 189,100 1,785,200 550,800 $3,342,700 $2,799,100 $50,100 169,000 448,900 2,095,300 579,400

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