=+(final payment due 201 5) 30,000 37,500 (7,500) Total liabilities $ 75,540 $ 72,255 $ 3,285 Stockholders

Question:

=+(final payment due 201 5) 30,000 37,500 (7,500)

Total liabilities $ 75,540 $ 72,255 $ 3,285 Stockholders’ Equity Capital stock $ 37,500 $ 37,500 $ 0 Retained earnings 256,800 193,200 63,600 Total stockholders’ equity $ 294,300 $230,700 $63,600 Total liabilities and stockholders’ equity $ 369,840 $302,955 $66,885 Instructions

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