Reconstruct the company’s comparative balance sheet for 2013/2014 and compute and show the missing figures to include the appropriate sign as a positive or negative figure.             Assets          Cash      238,000         138,000      Accounts Receivable      325,000         300,000      Inventories      280,000         350,000      Prepaid expenses        28,000            35,000      Intangible assets      328,000         328,000   Plant assets, net  1,200,000         980,000   Total Assets  2,399,000      2,131,000         Liabilities          Accounts payable      180,000         240,000      Accrued liabilities      310,000         415,000      Income tax payable      105,000         100,000   Long-term notes payable  1,350,000         800,000         Stockholders' Equity       Common Stock      330,000         295,000   Retained earnings      450,000         345,500   Treasury stock    (326,000)          (64,500)   Total liabilities and stockholders' equity  2,399,000      2,131,000

Question
  1. Reconstruct the company’s comparative balance sheet for 2013/2014 and compute and show the missing figures to include the appropriate sign as a positive or negative figure.

 

 

        Assets

 

 

 

   Cash

     238,000

        138,000

 

   Accounts Receivable

     325,000

        300,000

 

   Inventories

     280,000

        350,000

 

   Prepaid expenses

       28,000

           35,000

 

   Intangible assets

     328,000

        328,000

 

Plant assets, net

 1,200,000

        980,000

 

Total Assets

 2,399,000

     2,131,000

 

      Liabilities

 

 

 

   Accounts payable

     180,000

        240,000

 

   Accrued liabilities

     310,000

        415,000

 

   Income tax payable

     105,000

        100,000

 

Long-term notes payable

 1,350,000

        800,000

 

      Stockholders' Equity

 

 

 

Common Stock

     330,000

        295,000

 

Retained earnings

     450,000

        345,500

 

Treasury stock

   (326,000)

         (64,500)

 

Total liabilities and stockholders' equity

 2,399,000

     2,131,000

 

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