Cash Accounts receivable, net Inventory Property, Plant and Equipment Total assets $392,400 $22,200 169,100 68,300...
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Cash Accounts receivable, net Inventory Property, Plant and Equipment Total assets $392,400 $22,200 169,100 68,300 132,800 Accounts payable $49,200 Current portion of long-term debt 68,800 Long-term notes payable 100,000 Total liabilities 218,000 100,000 74,400 Common stock Retained earnings Total equity 174,400 Total liabilities and equity $392,400 Revenue $2,765,000 Operating expenses 2,472,600 Operating income 292,400 Interest expense 17,000 Income before income taxes 275,400 Income tax expense 103,800 Net Income $171,600 Required: Cash Accounts receivable, net Inventory Property, Plant and Equipment Total assets $392,400 $22,200 169,100 68,300 132,800 Accounts payable $49,200 Current portion of long-term debt 68,800 Long-term notes payable 100,000 Total liabilities 218,000 100,000 74,400 Common stock Retained earnings Total equity 174,400 Total liabilities and equity $392,400 Revenue $2,765,000 Operating expenses 2,472,600 Operating income 292,400 Interest expense 17,000 Income before income taxes 275,400 Income tax expense 103,800 Net Income $171,600 Required
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