Question: 6. Fill in the missing values for Morris Corporation's December 31, 2014 balance sheet. Use the following facts: a} Morris Corporation was incorporated on January

 6. Fill in the missing values for Morris Corporation's December 31,

6. Fill in the missing values for Morris Corporation's December 31, 2014 balance sheet. Use the following facts: a} Morris Corporation was incorporated on January 1, 2014. b] Common Stock of $500,000 was issued in 2014. c] Bonds of $1,400,000 were issued in 2014. d) 2014 Net income was $553,000 on sales of $980,000 {all but $202,000 was collected]. e} Dividends of 590.000 were paid during the year. f) Equipment of $120,000 was purchased during the year. g] A building was purchased for $1,440,000. h) On September 30, 2014, additional common stock was sold for $25,000

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