Question: Che 5 3 points Exercise 13-9A (Algo) Comprehensive analysis LO 13-2, 13-3 The December 31, Year 4, balance sheet for Franklin Corporation is presented here.

Che 5 3 points Exercise 13-9A (Algo) Comprehensive analysis LO 13-2, 13-3 The December 31, Year 4, balance sheet for Franklin Corporation is presented here. These are the only accounts on Franklin's balance sheet Amounts indicated by question marks (1) can be calculated using the following additional Information THAT IN CONTRATTON Balance sheet of her tear Assets Cual 32.000 Accounts receivable (net) Inventory Property, plant, and equipment (out) 310,000 $443,000 Liabilities and stockholders uity Accounts payabin (trade) Income tax payable (carrent) 32.000 og er det Common stock 316,000 Tetained earning . ook Prin 1.8 to 1.0 900 Current ratioco year) Total Total stockholders' wity Gross margin percentage Inventory turnover (Cost of wood wodding ventory Cromargin for Your TOS $350,000 Required a. Compute the balance in trade accounts payablems of December 3, Year 4. b. Compute the balance in retained earnings as of December 31Year 4 c. Compute the balance in the inventory account as of December 31, Year 4. Assume that the level of inventory did not change from last year) (For all requirements, negative amounts should be indicated by a minus sign. Do not round Intermediate calculations. Round your answers to the nearest whole dollar amount)
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