The following accounts and related balances of Cardinal Designers, Inc., as of December 31, 2021, are arranged in no particular order: 

Requirements 

1. Prepare Cardinal’s classified balance sheet in the account format at December 31, 2021.

2. Use a DuPont Analysis to calculate rate of return on total assets and rate of return on common stockholders’ equity for the year ended December 31, 2021.

3. Do these rates of return suggest strength or weakness? Give your reason. What additional information might help you make your decision?

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Cash.... Accounts receivable, net. Paid-in capital in excess of par-common. Accrued liabilities......... Long-term note payable Inventory............. Dividends payable............ Retained earnings........ Accounts payable. Trademarks, net. Goodwill ......... $45,000 21,000 16,000 29,000 90,000 89,000 4,000 ? 135,000 9,000 20,000 Interest expense...... Property, plant, and equipment, net Common stock, $1 par, 1,500,000 shares authorized, 117,000 shares issued...... Prepaid expenses...... Common stockholders' equity, December 31, 2020 .... Net income...... Total assets, December 31, 2020......... Treasury stock, 20,000 shares at cost... Net sales.......... $ 16,300 358,000 117,000 24,000 221,000 90,000 496,000 35,000 750,000