Question: Can some help me answer these questions? Financial data for Penny's Pens are given below. All figures are in dollars. Use this data to construct

Can some help me answer these questions? Financial data for Penny's Pensare given below. All figures are in dollars. Use this data toCan some help me answer these questions?

Financial data for Penny's Pens are given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2018 and use your constructed statement to answer the following 5 questions (i.e., 11 through 15). NOTE: Not every item in the list below belongs on the balance sheet - you have to use some given data to determine needed accounts for the balance sheet. However, other than what is listed and/or can be derived, there are no other accounts on Jade's balance sheet - use cash as a plug figure to balance the balance sheet. Accounts payable Accruals Accumulated depreciation Additional paid in capital Beginning of year inventory Common stock ($5.00 par value) Cost of goods sold Current portion of Long-term debt Gross accounts receivable Gross fixed assets Long-term debt (excluding current portion) Purchases Retained earnings Returns and allowances Short-term bank loan Cash 955,000 294,600 19,275,300 19,476,200 10,471,600 12,400,000 71,359,800 475,600 1,599,600 64,581,200 11,548,600 70,384,700 11,710,600 13,800 686,000 ??? 11. What did Penny's Pens record as Total Current Assets on December 31, 2018 balance sheet? 12. What did Penny's Pens record as Total Current Liabilities on December 31, 2018 balance sheet? 13. What did Penny's Pens record as Total Assets on December 31, 2018 balance sheet? 14. What was Total Shareholder's Equity on Penny's Pens December 31, 2018 balance sheet? 15. Penny's Pens Company reported net income for 2018 of $1,871,800 and the company paid dividends of $0.60 per share in 2018. Given this information along with the data provided above), compute what Penny's Pens Company reported as retained earnings on its December 31, 2017 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2017 and December 31, 2018)

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