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

Davidson Corporation: Income Statement for Year Ending December 31, 2012
(Millions of Dollars)
Sales....................................................................................................$6,250
Operating costs excluding depreciation and amortization.......................................5,230
EBITDA..............................................................................................$1,020
Depreciation & amortization...........................................................................220
EBIT...................................................................................................$ 800
Interest....................................................................................................180
EBT.....................................................................................................$ 620
Taxes (40%)..............................................................................................248
Net income............................................................................................$ 372
Common dividends paid.............................................................................$ 146
Earnings per share......................................................................................$ 3.72
a. Construct the statement of stockholders' equity for December 31, 2012. No common stock was issued during 2012.
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 next year?

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Davidson Corporation: Balance Sheet as of December 31, 2012 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents Accounts receivable Inventories S 15 515 880 $1410 2,590 Accounts payable Notes payable Accruals S 120 220 280 620 1,520 $2,140 260 600 $1,860 $4,000 Total current assets Total current liabilities Net plant and equipment Long-term bonds Total debt Common stock (100 million shares) Retained earnings Common equity Total assets $4000 Total liabilities and equity