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| Viettel 40% 21:27 Expert Q&A Done P17-98 Condensed financial data of Minnie Hooper Company are shown below. MINNIE HOOPER COMPANY Comparative Balance Sheets December 31 Assets 2017 2016 Cash $ 93.600 $ 33,400 Accounts receivable 63,200 37.000 Inventory 124.500 102.650 Investments 79,500 107,000 Plant assets 318,000 205,000 Accumulated depreciation (44,000) (40,000) Total $634,800 $445,050 Liabilities and Stockholders' Equity Accounts payable $ 56,600 $ 48,280 Accrued expenses pavable 15.100 18,830 Bonds payable 140,000 70.000 Common stock 250.000 200.000 Retained eamings 173,100 107.940 Total $634,800 $445.050 5297.500 MINNIE HOOPER COMPANY Income Statement For the Year Ended December 31, 2017 Sales revenge Les Cast of goods sold 599460 Operating expenses, excluding depreciation experie 19,670 Depreciation expense 25.000 Loss on disposal of plantas 5.000 Income taxes 37.270 Interest expense 2.640 Net income 189.340 $108.160 Additional information 1. New plantasets conting $149.000 wet purchased for cash during the year 2. Investments were sold at cost. 3. Plant assets costing $36.000 were sold for $10.000, resulting in a low of $5.000. 4. A cash dividend of $43.000 were declared and paid during the year

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