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Please provide a written out by hand solution for the above example. $500 600...

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Accounting

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Please provide a written out by hand solution for the above example.

$500 600 200 30 100 60 2670 Cum Sutton Manufacturing Balance Sheet Data ($1000s) Assets Liabilities Current Assets Current liabilities Cash $870 Notes payable Accounts receivable 450 Accounts payable Inventory 1200 Accruals Prepaid expenses Taxes payable Total current assets Current portion long-term debt Net fixed assets Total current liabilities Land 1200 Long-term debt Plant and equipment 3800 Office debt (subordinated) (less accumulated depreciation) Other assets Total liabilities Note receivable Intangibles 120 Common stock Capital surplus Retained earings Total equity Total assets 6900 Total liabilities and equity 1430 2000 200 3630 200 Equity 1670 400 1200 3270 6900 Sutton Manufacturing had the following entries in this year's income statement Depreciation $420,000 Profit 480,000 In addition, we also know the firm purchased $800,000 of equipment with cash. The firm paid $200,000 in dividends this year. What are the entries in the balance sheet at the end of this year for Plant and equipment? Accumulated depreciation? And Retained earnings

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