Question: Complete the missing balance sheet entries for Travers & Co.'s balance sheets for the years ending 2004 and 2005 based on the following statements: Travers
Complete the missing balance sheet entries for Travers & Co.'s balance sheets for the years ending 2004 and 2005 based on the following statements: Travers issued $10 million of new common stock, Travers had net income available to common shareholders of $77 million during 2005. At the end of 2005, Travers paid out $61 million in common dividends. Travers neither issued nor retired long-term debt during 2005 In 2005, Travers had cash flows from operating activitles of $147 million, cash flow from investing activities of - $80 million, and cash flow from financing activities of -$36 million BALANCE SHEET (Millions of dollars) Y1 $ Yr 2 A 170 190 B Cash Accounts receivable Inventories Total current assets 10 140 210 Yr 1 $ 100 52 50 $ 202 150 $ 352 Accounts payable Notes payable Accrued liabilities Total current liabilities Long term debt Total abilities Preferred stock Common stock Retained earnings Total common equity Total abilities and equity $360 ---. : Net fixed assets Total assets 50 208 $ 250 $ 610 $ 280 H $ 250 $ 610 B C D
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