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What dollar amount of additional PP&E did Plarimed acquire in 20x2? Use the following information to answer the question. Plarimed Corp. Plarimed Corp. Income Statement
What dollar amount of additional PP&E did Plarimed acquire in 20x2?
Use the following information to answer the question.
Plarimed Corp. | Plarimed Corp. | ||||
Income Statement | Balance Sheet | ||||
20X2 | 20X1 | 20X2 | |||
Revenue | 8,500 | Cash | 200 | 180 | |
Cost of Goods Sold | -5,600 | Accounts Receivable | 1,650 | 1,625 | |
Depreciation Expense | -1,200 | Inventory | 1,900 | 2,000 | |
Interest Expense | -35 | PPE | 6,500 | 7,000 | |
Income Tax Expense | -350 | Accumulated Dep. | -2,500 | -3,000 | |
Net Income | 1,315 | Total Assets | 7,750 | 7,805 | |
Accounts Payable | 850 | 900 | |||
Interest Payable | 100 | 80 | |||
Notes Payable | 1,500 | 1,700 | |||
Common Stock | 2,500 | 2,500 | |||
Retained Earnings | 2,800 | 2,625 | |||
Total Liabilities+Equity | 7,750 | 7,805 |
Group of answer choices
$500
$1,200
$1,000
$1,700
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