Question: Can you please show me the steps for every calculation on the right side of the chart? A partially completed balance sheet for Blue Co.

Can you please show me the steps for every calculation on the right side of the chart?

Can you please show me the steps for every calculation on the

A partially completed balance sheet for Blue Co. Inc. as of October 31, 2019, is presented. Where amounts are shown for various items, the amounts are correct. Required: Using the following data, complete the balance sheet. a. Blue Co.'s records show that current and former customers owe the firm a total of $4,300; $610 of this amount has been due for more than a year from two customers who are now bankrupt. b. The automobile, which is still being used in the business, cost $16,800 new, a used car dealer's Blue Book shows that it is now worth $10,000. Management estimates that the car has been used for one-third of its total potential use. (The car is being depreciated using the straight-line method.) c. The land cost Blue Co. $12,000; it was recently assessed for real estate tax purposes at a value of $16,000. d. Blue Co.'s president isn't sure of the amount of the note payable, but he does know that he signed a note. e. Since Blue Co. was formed, net income has totaled $34,000, and dividends to stockholders have totaled $21,000. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Assets BLUE CO. INC. Balance Sheet October 31, 2019 Liabilities and Stockholders' Equity $ 900 Note payable 4,300 Accounts payable 12,000 Total liabilities Cash Accounts receivable Land Automobile Less: Accumulated depreciation $ 4,300 3,450 $ 7,750 $ 16,800 10,000 6,800 Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4,800 34,000 21,000 $ 75,300 Total assets $ 24,000

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