Notes payable short term 100 100 total current

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Notes payable, short term100 100 Total current liabilities360 330 Bond payable130 150 Total liabilities490 480 Stockholders' equity:Preferred stock, $100 par value, 5%100 100 Common stock, $2 par value400 400 Additional paid-in-capital--common stock160 160 Retained earnings150 130 Total stockholders' equity810 790 Total liabilities & stockholders' equity$1,300 $1,270 Income Statement
For the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1,570 Cost of goods sold850 Gross margin720 Selling and administrative expense615 Net operating income105 Interest expense47 Net income before taxes58 Income taxes (30%)17 Net income$ 41 Dividends on common stock during Year 2 totaled $20 thousand. Dividends on preferred stock totaled $1 thousanprice of common stock at the end of Year 2 was $6.97 per share.The gross margin percentage for Year 2 is: (Round your answer to 1 decimal place.)
10.Award: 0 out of 10.00 pointsHartzog Corporation's most recent balance sheet and income statement appear below:
December 31, Year 2 and Year 1(in thousands of dollars)Year 2Year 1AssetsCurrent assets:Cash$ 290 $ 260 Accounts receivable370 350 Inventory240 250 Prepaid expenses30 30 Total current assets930 890 Plant and equipment, net820 830 Total assets$1,750 $1,720 Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable$ 310 $ 280 Accrued liabilities10 10 Notes payable, short term70 70 Total current liabilities390 360 Bond payable270 290 Total liabilities660 650 Stockholders' equity:

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