The Davidson Corporation's balance sheet and income statement are provided here.

a. Construct the statement of stockholders' equity for December 31, 2008.b. How much money has been reinvested in the firm over the years?c. At the present time, how large a check could be written without it bouncing?d. How much money must be paid to current creditors within the nextyear?

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Davidson Corporation: Balance Sheet as of December 31, 2008 (Millions of Dollars) Liabilities and Equity Accounts payable Notes payable Assets Cash and equivalents $ 15 120 515 Accounts receivable 220 280 Inventories 880 Accruals $1,410 $ 620 1,520 $ 2,140 Total current assets Total current liabilities 2,590 Net plant and equipment Long-term bonds Total debt Common stock (100 million shares) 260 Retained earnings Common equity Total liabilities and equity 1,600 $ 1,860 $ 4,000 Total assets $4.000 Davidson Corporation: Income Statement For Year Ending December 31, 2008 (Millions of Dollars) Sales $6,250 5,230 $1,020 Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT 220 $ 800 Interest 180 $ 620 EBT Taxes (40%) 248 $ 372 Net income $ 146 $ 3.72 Common dividends paid Earnings per share