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(You'll use this information for SIX questions.) Complete the financial statements below for the Little Stone Candy Co. Which of the following values is correct
(You'll use this information for SIX questions.) Complete the financial statements below for the Little Stone Candy Co. Which of the following values is correct for cell C54? Little Stone Candy Co. 2020 2019 $ $ $ 102,007 $ 39,023 $ 62,984 $ 118,086 48,004 70,082 Income Statement Revenue COGS Gross Profit Expenses Salaries and Benefits Rent and Overhead Depreciation & Amortization Interest Total Expenses EBT Taxes Net Income $ $ $ $ $ $ $ $ 26,427 $ 10,963 $ 19,500 $ 2,500 $ 59,390 $ 3,594 $ 1,120 $ 2,474 $ 22,658 10,125 18,150 2,500 53,433 16,649 4,858 11,791 Balance Sheet Assets Cash $ $ $ Accounts Receivable Inventory Gross PP&E Accumulated Depreciation Net PP&E Total Assets 167,971 5,100 $ 7,805 $ $ C23 $ 45,500 $ 226,376 $ D19 5,904 9,601 50,820 8,470 42,350 239,065 $ $ $ $ $ 3,902 $ 35,735 $ 39,637 $ 4,800 50,000 54,800 Liabilities Accounts Payable Debt Total Liabilities Shareholder's Equity Capital Stock at Par Additional Paid in Capital Retained Earnings Total Shareholders Equity Total Liabilities and Equity C34 $ $ $ $ 70,000 100,000 14,265 184,265 239,065 Cash Flow Statement Operating Cash Flow Net Income Depreciation Change in Accounts Receivable Change In Inventory Change In Accounts Payable Cash from Operations $ $ $ $ $ $ 2,474 19,500 804 1,796 (898) 23,676 Investing Cash Flow Investments in PP&E Cash from Investing C48 Financing Cash Flow Issuance/Repayment of debt Issuance/Repurchase of equity Cash from Financing C54 Net change in cash C56
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