For the following income statement and balance sheet, fill in the missing information for the...
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Accounting
For the following income statement and balance sheet, fill in the missing information for the calendar year ending in December 31.
| All assets, liabilities, and equity items are as of the end of the year. | |||||
| Current Assets | 150,000 | ||||
| Non-current Assets | ____________ | ||||
| Total Assets | ____________ | ||||
| Current Liabilities | 75,000 | ||||
| Long-term Liabilities | ____________ | ||||
| Total Liabilities | 171,000 | ||||
| CS and Capital in excess of par | 300,000 | ||||
| Retained Earnings | ____________ | ||||
| Total Stockholders Equity | ____________ | ||||
| Sales | 600,000 | ||
| COGS | 200,000 | ||
| Gross Profit | 400,000 | ||
| Expenses | 300,000 | ||
| EBIT | 100,000 | ||
| Interest Expense | 10,000 | ||
| EBT | 90,000 | ||
| Tax Expense(40%) | 36,000 | ||
| Net Income | 54,000 | ||
| Retained Earnings | 150,000 | ||
| (Jan 1) | 150,000 | ||
| Dividends Declared | 25,000 |
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