i Data Table Adams Corporation Comparative Balance Sheet December 31, 2018 and 2017 Increase 2018 2017 (Decrease) Assets Current Assets: Cash $ 22,000 $ 22,000 3,000 $ 23,000 34,000 19,000 (1,000) 1,000 35,000 Accounts Receivable Merchandise Inventory Long-term Assets: Plant Assets Accumulated Depreciation Plant Assets 153,200 (27,200) 205,000 $ 97,200 (25,200) 132,000 $ 56,000 (2,000) 73,000 $ Total Assets Liabilities Current Liabilities: $ Accounts Payable Accrued Liabilities 35,000 $ 7,000 10,000 26,000 $ 9,000 10,000 9,000 (2,000) 0 Income Tax Payable Long-term Liabilities: 84,000 53,000 31,000 Bonds Payable Total Liabilities 136,000 98,000 38,000 Common Stock, no par Retained Earnings Stockholders' Equity 52,000 27,000 (10,000) 20,000 19,000 32,000 8,000 (5,000) Treasury Stock 69,000 34,000 35,000 Total Stockholders' Equity $ 205,000 $ 132,000 $ 73,000 Total Liabilities and Stockholders' Equity [Print Print Done Done Data Table $ 662,000 560,000 Adams Corporation Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries and Wages Expense $ 46,000 Depreciation ExpensePlant Assets 10,000 Rent Expense 2,000 102,000 58,000 Total Operating Expenses Operating Income Other Income and (Expenses): 44,000 Loss on Disposal of Plant Assets (2,000) (2,000) Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense 42,000 16,000 26,000 $ Net Income Print Done Data Table - X Transaction data for 2018 $ Cash paid for purchase of equipment Cash payment of dividends Issuance of common stock to retire bonds payable Issuance of bonds payable to borrow cash Cash receipt from issuance of common stock Cash receipt from sale of equipment (Cost, $84,000; Accumulated Depreciation, $8,000) Cash paid for purchase of treasury stock 140,000 18,000 13,000 44,000 19,000 74,000 5,000 Print Done