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Use the following information for Clarington INC. (assume the tax rate is 34%): 2017 2018 $ 11, 573 Sales Depreciation Cost of goods sold Other
Use the following information for Clarington INC. (assume the tax rate is 34%): 2017 2018 $ 11, 573 Sales Depreciation Cost of goods sold Other expenses 12, 936 1, 736 4, 707 1, 661 3, 979 946 824 776 Interest 926 6, 067 8, 034 1, 17 6, 466 Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable 9, 427 1, 147 20, 320 50, 888 24, 696 54, 273 4, 644 4, 384 14, 283 15, 288 1, 618 Inventory Dividends 1, 411 Prepare a statement of financial position for this company for 2017 and 2018. (Be sure to list the accounts in order of their liquidity and liabilities in the order of their maturity. Omit $ sign in your response.) CLARING TON, INC St at ement of Financial Position as of Dec. 31 2017 2018 Assets $ $ Cash Accounts receivable Inventory Assets Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Liabilities Accounts payable Notes payable Current liabilities Long-term debt Owner's equity Total liabilities & owner's equity Prepare a statement of comprehensive income for this company for 2017 and 2018. (Round the final answers to 2 decimal places. Omit $ sign in your response.) CLARINGTON, INC. Statement of Comprehensive Income 2018 $ 2017 Sales COGS Prepare a statement of comprehensive income for this company for 2017 and 2018. (Round the final answers to 2 decimal places. Omit $ sign in your response.) CLARINGTON, INC. Statement of Comprehensive Income 2017 2018 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes (34%) Net income $ Dividends Additions to RE
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