Condensed financial data of Oriole Company follow. Condensed...
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Condensed financial data of Oriole Company follow.
Condensed financial data of Oriole Company follow Oriole Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 2017 95,344 103,604 132,750 2016 $ 57,112 44,840 121,363 30,680 128,620 286,150 33,512 162,840 336,300 (59,000) (61,360) $805,350 $607,405 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 120,360 19,470 129,800 259,600 276,120 $805,350 79,414 24,780 172,280 206,500 124,431 $607,405 Oriole Company Income Statement Data For the Year Ended December 31, 2017 Sales revenue $458,383 Less Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets $159,843 14,644 54,870 32,190 5,581 8,850 275,978 Net income $182,405 Additional information
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