The 2020 balance sheet of Osakas Tennis Shop,Inc., showed long-term debt of $2.25 million, and...
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The 2020 balance sheet of Osakas Tennis Shop,Inc., showed long-term debt of $2.25 million, and the 2021 balance sheet showedlong-term debt of $2.66 million. The 2021 income statement showed an interestexpense of $305,000. The balance sheet also showed $780,000 in the common stock account and $4.78 million inthe additional paid-in surplus account. The 2021 balance sheet showed $965,000and $5.04 million in the same two accounts, respectively. The company paid out$654,000 in cash dividends during 2021. You also know that the firms net capitalspending for 2021 was $1.5 million and that the firm reduced its net working capitalinvestment by $55,000. What is the beginning and ending equity for this table? Please include formulas used to solve.
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The 2020 balance sheet of Osaka's Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of zount and $4.78 million in the ) and $5.04 million in the same two ring 2021. You also know that the ad its net working capital investment
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