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Cash .............................................. $55,000

Accounts receivable, net................

34,000

Paid-in capital in excess

of par—ordinary ....................... 20,000

Accrued liabilities..........................24,000

Long-term note payable ................ 99,000

Inventory....................................... 93,000

Dividends payable......................... 6,000

Retained earnings.......................... ?

Accounts payable .......................... 136,000

Trademarks, net............................ 4,000

Preference share, $0.50,

no-par, 11,000 shares

authorized and issued................ 29,700

Goodwill ....................................13,000

Interest expense.......................... 15,600

Property, plant and

equipment, net .......................364,000

Ordinary share, $2 par,

600,000 shares authorized,

116,000 shares issued.............232,000

Prepaid expenses ........................ 13,000

Ordinary shareholders'

equity, December 31, 20X6........222,000

Net income.................................32,000

Total assets,

December 31, 20X6 ............... 493,000

Treasury share,

21,000 shares at cost..............24,000


Cash .............................................. $55,000

Accounts receivable, net................ 34,000

Paid-in capital in excess

of par—ordinary ....................... 20,000

Accrued liabilities..........................24,000

Long-term note payable ................ 99,000

Inventory....................................... 93,000

Dividends payable......................... 6,000

Retained earnings.......................... ?

Accounts payable .......................... 136,000

Trademarks, net............................ 4,000

Preference share, $0.50,

no-par, 11,000 shares

authorized and issued................ 29,700

Goodwill ....................................13,000

Interest expense.......................... 15,600

Property, plant and

equipment, net .......................364,000

Ordinary share, $2 par,

600,000 shares authorized,

116,000 shares issued.............232,000

Prepaid expenses ........................ 13,000

Ordinary shareholders'

equity, December 31, 20X6........222,000

Net income.................................32,000

Total assets,

December 31, 20X6 ............... 493,000

Treasury share,

21,000 shares at cost..............24,000


Prepare Balance Sheet

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Balance Sheet.png

Total Assets, December 31, 20X6
Cash
55,000
Accounts receivable, net
34,000
Inventory
93,000
Prepaid expenses
13,000
Property, plant and equipment, net
364,000
Trademarks, net
4,000
Goodwill...

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