Time Left:1:58:27 Harleen Kaur. Attempt 1 6 9 Question 1 (15 points) Saved ACCT-2043 Spring 2020 viia Ritter Inc.'s financial statements showed the following: Balance Sheet Information December 31, 2020 2020 Cash $225,700 Accounts receivable 47,000 Merchandise inventory 49.000 Long-term investment Machinery 465.000 Accumulated depreciation, machinery 280.000) Total assets $506.200 Accounts payable $51.200 Bonds payable 56 000 Common shares 200.000 Retained earnings 199 200 Total liabilities and shareholders equity $506.700 0 2019 $135,600 33,000 61,500 25,000 385.000 (210.000) $430.100 565,600 0 200.000 16.500 Difference $90,100 14,000 (12,500) (25.000) 80,000 70.000) 576.600 ($14.400) 56.000 0 35.000 S430.100 $76.600 5982.000 Income Statement For the Year Ended December 31, 2020 Sains Cost of goods sold $705.000 Other one 163.000 Depreciation expenses 70.000 Profit from operations Gain on sale of long-term investment Profit 925.000 564.000 o c 22 antic + D 18 SUDO + $ & 4 5 6 7 00 9 2 3 14 1/2 3/4 R Y U P Time Left:1:58:27 Harleen Kaur. Attempt 1 6 9 Question 1 (15 points) Saved ACCT-2043 Spring 2020 viia Ritter Inc.'s financial statements showed the following: Balance Sheet Information December 31, 2020 2020 Cash $225,700 Accounts receivable 47,000 Merchandise inventory 49.000 Long-term investment Machinery 465.000 Accumulated depreciation, machinery 280.000) Total assets $506.200 Accounts payable $51.200 Bonds payable 56 000 Common shares 200.000 Retained earnings 199 200 Total liabilities and shareholders equity $506.700 0 2019 $135,600 33,000 61,500 25,000 385.000 (210.000) $430.100 565,600 0 200.000 16.500 Difference $90,100 14,000 (12,500) (25.000) 80,000 70.000) 576.600 ($14.400) 56.000 0 35.000 S430.100 $76.600 5982.000 Income Statement For the Year Ended December 31, 2020 Sains Cost of goods sold $705.000 Other one 163.000 Depreciation expenses 70.000 Profit from operations Gain on sale of long-term investment Profit 925.000 564.000 o c 22 antic + D 18 SUDO + $ & 4 5 6 7 00 9 2 3 14 1/2 3/4 R Y U P