Summarized versions of Weaverton Corporation’s financial statements for two recent years are as follows.

Requirement

1. Complete Weaverton Corporation’s financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar.

Transcribed Image Text:

A1 2019 2018 (in Thousands) k $ 16,175 Income Statement 4 3 Revenues Cost of goods sold Other expenses Income before income taxes Income taxes (35%) Net income 10 Statement of Retained Earnings Beginning balance Net income Dividends declared Ending balance 11,020 1,250 1,530 1,220 1,840 644 Ь 9. 11 12 13 2,670 (98) (140) 14 15 Balance Sheet 16 Assets 17 Cash 18 19 20 21 Liabilities 22 Property, plant, and equipment. 1,487 1,316 12,060 $ 14,466 Other assets Total assets Current liabilities Long-term debt Other liabilities Total liabilities 5,610 3,360 1,140 t 23 4,450 24 25 995 9,400 26 Stockholders' equity: 27 Common stock Retained earnings Other stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 450 450 28 29 30 31 32 Cash Flow Statement 33 34 35 36 200 180 4,356 Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash Cash at beginning of year Cash at end of year 875 (300) (510) (110) (575) (500) 37 1,290 38 39 aul