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Use Bird Industry's summary financial statements to answer the following questions. Bird Industries, Inc. Balance Sheets 2016 2017 Cash $1,000 $? Accounts receivable 5,000
Use Bird Industry's summary financial statements to answer the following questions. Bird Industries, Inc. Balance Sheets 2016 2017 Cash $1,000 $? Accounts receivable 5,000 6,000 Inventories 6,500 6,000 Land 10,000 12,000 Other fixed assets 8,000 9,000 Accumulated depreciation (1.000) (1,600) Total assets $29,500 $? Accounts payable $3,200 $ 6,800 Bonds 4,000 4,000 Common stock 17,000 16,000 Retained earnings Total debt and equity 5,300 $29,500 5.000 $2 Bird Industries, Inc. Income Statement Sales $84,000 Cost of goods sold 66,400 Gross profit $17,600 Operating expenses (13,000) Depreciation (600) EBIT $4,000 Interest expense (500) EBT $3,500 Taxes (1,500) Net Income $2.000 Use Bird's financial statements to determine the total amount of Bird Industries' common stock dividend for 2017.
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