Compute the missing values for the following chart. The first year of operations is 2017. 2020 2019

Compute the missing values for the following chart. The first year of operations is 2017.

Transcribed Image Text:

2020 2019 2018 2017 Assets: Cash $500 $200 $ 300 $ 300 Accounts receivable 700 ? 300 200 Inventory 400 400 ? 500 Property, plant, and equipment (net) 1,200 1,100 800 800 Liabilities and shareholders' equity: Accounts payable ? 500 300 200 Bonds payable 700 800 600 500 Common stock 600 600 400 ? Retained earnings 600 300 800 400 Sales 700 1,100 1,000 Operating expenses (600) ? (400) Net income ? (100) 400 Dividends 200 ?