Summarized versions of Tacos Corporation's financial statements for two recent years are as follows. ...
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Accounting
Summarized versions of
Tacos
Corporation's financial statements for two recent years are as follows.
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Complete
Tacos
Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash)
******** Data table 2019 2018 Income Statement (in Thousands) Revenues $k $ 16,100 Cost of goods sold a 11,070 1,255 Other expenses 1,150 Income before income taxes 1,570 1,860 651 Income taxes (35%) $ m $ b Net income $ n$ 2,730 Statement of Retained Earnings Beginning balance Net income Dividends declared o (98) (160) $ p $ d Ending balance Balance Sheet Assets Cash $ 9 $ e Property, plant, and equipment 1,517 1,386 r Other assets 11,898 $s $ 14,689 Total assets Liabilities Current liabilities $t $ 5,700 Long-term debt 4,700 1,005 3,390 1,150 Other liabilities Total liabilities $ 9,600 $f Stockholders' equity: Common stock $ 500 $ 500 Retained earnings u g 190 170 Other stockholders' equity V Total stockholders' equity 4,449 $ w $ h Total liabilities and stockholders' equity Cash Flow Statement $ x $ 1,000 Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities (310) (550) (325) (510) Cash Flow Statement $ x $ 1,000 Net cash provided by operating activities Net cash used in investing activities (310) (550) (325) (510) Net cash used in financing activities Increase (decrease) in cash (170) Cash at beginning of year 1,240 $ z Cash at end of year $ ]
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