y for the year Ch. 5. NOTE: Not every as the balance sheet. $2,450,000 nancial data for Penny's Pens are given below. All figures are in dollars. Use this data to construct a Balance et for the company for the year ending December 31, 2018 and use your constructed statement to answer the owing 5 questions de 11 Through 15). NOTE: Not every item in the list below belongs on the balance sheet you have to use some given data to determine needed accounts for the balance sheet. However, other than what Sted and/or can be derived, there are no other accounts on Jade's balance sheet - use cash as a plug figure to balance the balance sheet. GL Accounts payable 955,000 OL Accruals 294,600 TA Accumulated depreciation 19,275,300 Additional paid in capital 19,476,200 10,471,600 K Beginning of year inventory * 9496500 12,400,000 TE Common stock ($5.00 par value) 71,359,800 * - Cost of goods sold 475,600 Current portion of Long-term debt 1,599,600 C Gross accounts receivable 64,581,200 Gross fixed assets 11,548,600 Long-term debt (excluding current portion) 70,384,700 Purchases 11,710.600 TE Retained earnings 13,800 Returns and allowances 686,000 Short-term bank loan ??? C Cash Cash Net AR inventory Total current lamnities What did Penny's Pens record as Total Current Assets on December 31, 2018 balance sheet? What did Penny's Pens record as Total Current Liabilities on December 31, 2018 balance sheet? What did Penny's Pens record as Total Assets on December 31, 2018 balance sheet? What was Total Shareholder's Equity on Penny's Pens December 31, 2018 balance sheet? 1 ud the nomnany naid dividends of $0.60