Reconstruct the company’s comparative balance sheet for 2019/2020 using the information and compute and show the missing figures to include the appropriate sign as a positive or negative figure. Maple Group Ltd Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/(Decrease) Assets Cash and cash equivalent ? 25,900 (10,600) Accounts Receivable 43,200 39,000 ? Inventories 93,700 ? (46,200) Fixed Assets, net 251,600 ? ? Total Assets 403,800 415,100 (11,300) Liabilities Accounts payable 26,600 21,000 ? Accrued liabilities 22,800 ? (1,300) Long-term notes payable ? 65,000 ? Stockholders' Equity: Common Stock ? ? 1,400 Retained earnings 161,000 175,000 (14,000) Treasury stock - Total liabilities and stockholders' equity 403,800 415,100 (11,300)
Reconstruct the company’s comparative balance sheet for 2019/2020 using the information and compute and show the missing figures to include the appropriate sign as a positive or negative figure.
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Maple Group Ltd |
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Comparative Balance Sheet |
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December 31, 2020 and 2019 |
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2020 |
2019 |
Increase/(Decrease) |
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Assets |
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Cash and cash equivalent |
? |
25,900 |
(10,600) |
|
Accounts Receivable |
43,200 |
39,000 |
? |
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Inventories |
93,700 |
? |
(46,200) |
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Fixed Assets, net |
251,600 |
? |
? |
|
Total Assets |
403,800 |
415,100 |
(11,300) |
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Liabilities |
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Accounts payable |
26,600 |
21,000 |
? |
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Accrued liabilities |
22,800 |
? |
(1,300) |
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Long-term notes payable |
? |
65,000 |
? |
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Common Stock |
? |
? |
1,400 |
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|
161,000 |
175,000 |
(14,000) |
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|
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- |
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Total liabilities and stockholders' equity |
403,800 |
415,100 |
(11,300) |
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