Question: Complete the missing values from (a) to (e) in the chart below. The balance sheet denotes the values for the end of the relevant year.

Complete the missing values from (a) to (e) in the chart below. The balance sheet denotes the values for the end of the relevant year.

You will need to use a variety of financial equations to find the missing values, such as "Assets = Liabilities + Equity"

Consolidated Balance Sheet
2018 2017
Assets
Cash 250 200
Accounts Receivable 500 (a)
Inventory 600 500
Land 400 400
Property, Plant, and Equipment 550 500
Liabilities and Stockholder's Equity
Accounts Payable 600 750
Bonds Payable 300 250
Contributed Capital 700 700
Retained Earnings (c) 300
Sales 1500 (b)
Expense (600) (700)
Net Income (d) 600
Dividends (e) 300

What are the values for (a) (b) (c) (d) and (e)?

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