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g. Analyze the account balances for accounts receivable, inventory, and short/current long-term debts Describe any observations about those accounts and discuss additional information you want to consider during the current year audit.

h'es pf goods sold profit O#tCing expenses from operations and galns ihe/expenses and losses before income tax tax .Ntj!jcome for the year Qinings per share Assets , '*Current assets Cash aid cash equivalents 'Net receivables Inventory Other current assets Ttal current assets Property; plant, and equipment .T.taI assets Liabilities Current liabilities . Accounts payable Shortjcurrent long-term debt Other current Togal current liabilities Long-term debt Total liabilities Stockholders' equity Common stock Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders'

Pinnacle Manufacturing Company Income Statement For the Year Ended December 3' 1 09,284 780 4 1 37, 1 77,738 2, 1 8 1 ,948 2,093, 62 883,437 Pinnacle Manufacturing Company Balance Sheet As of December 31 1 3,042, 1 65 1 72,278 1 2,969,686 2,067 643 1 1000,OOO 1 517 1 7,645 60,60 1.552 equ]ty $

106,255A99 38, 33,969 4, 196,569 858,94 7,324,846 816 1 9,857 4 1 1625, 1 07 21 22 342 006 42,674, 1 82 59,39 1 ,827 103,260 637

42,698,248 37,24 1 , 1 08 5,457, 140 8.066,54S 25,27 1 ,503 4 1 99 22 379 920 *000000

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