Use Bird Industrys summary financial statements to determine A) Birds Cash holdings in 2017 and B) the total amount of its common stock dividend for 2017. (Show process) 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 5,300 5,000 Total Liability and Equity 29,500 ? Bird Industries, Inc. Income Statement (Period ending 12/31/2017) Sales 84,000 Cost of Goods Sold 66,400 Gross Profit 17,600 Operating Expenses (13,000) Depreciation Expense (600) EBIT 4,000 Interest Expense (500) Taxable Income 3,500 Taxes (1,500) Net Income 2,000

\begin{tabular}{|l|c|c|} \hline Bird Industries, Inc. Balance & & \\ \hline Sheets & 2016 & 2017 \\ \hline Cash & 1,000 & ? \\ \hline Accounts Roceivable & 5,000 & 6,000 \\ \hline Inventories & 6,500 & 6,000 \\ \hline Land & 10,000 & 12,000 \\ \hline Other Fixed Assets & 8,000 & 9,000 \\ \hline Accumulated depreciation & (1,000) & (1,600) \\ \hline Total Assets & 29,500 & ? \\ \hline Accounts Payable & 3,200 & 6,800 \\ \hline Bonds & 4,000 & 4,000 \\ \hline Common Stock & 17,000 & 16,000 \\ \hline Retained Earnings & 5,300 & 5,000 \\ \hline Total Liability and Equity & 29,500 & ? \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline \multicolumn{1}{|l|}{\begin{tabular}{|l} Bird Industries, Inc. Income \\ Statement (Period ending \\ 12/31/2017) \end{tabular}} & \\ \hline Sales & 84,000 \\ \hline Cost of Goods Sold & 66,400 \\ \hline Gross Profit & 17,600 \\ \hline Operating Expenses & 13,000) \\ \hline Depreciation Expense & (600) \\ \hline EBIT & 4,000 \\ \hline Interest Expense & (500) \\ \hline Taxable Income & 3,500 \\ \hline Taxes & {1,500) \\ \hline Net Income & 2,000 \\ \hline \end{tabular}