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Use Excel Functions Please An office party on New Years Eve overflowed into the accounting department of your corporation, causing ink to be spilled onto

Use Excel Functions Please

An office party on New Years Eve overflowed into the accounting department of your corporation, causing ink to be spilled onto a balance sheet. The accountants are furious, especially because they are never invited to the parties. Can you help them by supplying the missing numbers?

The balance sheet for problem #1 (in $000s)
Year 2 Year 1 Change
Assets
Cash and securities $ 512 $ 453 $_______
Accounts receivable $ 1,325 $_______ $ +104
Inventory $_______ $ 8,386 $_______
Total Current Assets $_______ $_______ $ +300
Equipment $_______ $ 33,929 $ +8,010
Less: Accumulated depreciation $ 12,657 $_______ $ +1,362
Net equipment $_______ $_______ $_______
Buildings $ 95,129 $_______ $ 0
Less: Accumulated depreciation $_______ $ 51,237 $ +2,251
Net buildings $_______ $_______ $_______
Land $ 73,012 $_______ $ 0
Fixed Assets $_______ $_______ $_______
Total Assets $_______ $_______ $_______
Liabilities and Equity
Accounts payable $_______ $ 1,423 $ +76
Bank loans $ 3,664 $_______ $ 32
Debt due within year $ 1,483 $ 1,327 $_______
Total Current Liabilities $_______ $_______ $_______
Total Long-Term Debt $_______ $_______ $_______
Common stock ($.10 par) $ 1,500 $ 1,500 $_______
Paid-in-surplus $ 45,546 $_______ $ 0
Retained earnings $_______ $_______ $_______
Total Equity 103,323 $102,876 $_______
Total Liabilities and Equity $_______ $_______ $_______

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