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my work mode: This shows what is correct or incorrect for the work you have The following financial statements apply to Munoz Company Year 2

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my work mode: This shows what is correct or incorrect for the work you have The following financial statements apply to Munoz Company Year 2 Year 1 $ 218,800 $ 182,400 124,300 101,600 20,700 18,700 10,200 9,200 2,500 2,500 19,200 17,800 176,900 149,800 $ 41,900 $ 32,600 Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable 5, 100 1,000 36,000 100,600 4,400 147, 100 106,600 20,700 $ 274,400 $ 7,900 1,000 30, 600 94,500 3,400 137,400 106,600 $ 244,000 $ 38,800 15,600 54,400 64.400 $ 35,800 15,600 51,400 65, 480

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