Question: Computing Missing Amounts on a Classified Balance Sheet The consolidated balance sheet of Mutron Lock Inc. follows. For each of the missing items a through

Computing Missing Amounts on a Classified Balance Sheet

The consolidated balance sheet of Mutron Lock Inc. follows.

For each of the missing items a through m, determine the balances that appear on the complete balance sheet.

  • Do not use negative signs with any of your answers.

Consolidated Balance Sheet
As of December 31
Assets Liabilities and Stockholders' Equity
Current assets Current liabilities
Cash and cash equivalents $18,351 Accounts payable $153,857
Marketable securities a. Notes payable e.
Accounts receivable $276,628 Income taxes payable 11,558
Allowance for doubtful accounts b. 265,358 Current portion of long-term debt 8,807
Inventories 363,155 Accrued expenses 10,177
Prepaid expenses 16,024 Total current liabilities $199,373
Total current assets c. Long-term debt 219,607
Property, plant, and equipment Deferred income taxes f.
Land 22,468 Pension liability 63,245
Building d. Total liabilities g.
Equipment and machinery 351,841 Stockholders' equity
Less: Accumulated depreciation 186,615 Preferred stock, no par value (authorized 18,000 shares, issued 4,320 shares) h.
Total property, plant, and equipment 469,901 Common stock, $5 par value (authorized 720,000 shares, issued 36,000 shares) i.
Investments 26,771 Additional paid-in capital 132,705 j.
Other assets 14,267 Total contributed capital
Total assets $1,191,193 Retained earnings
Appropriated 45,000
Unappropriated k. 326,648
Total retained earnings and contributed capital l.
Less treasury stock (6,158 shares) 39,256
Total stockholders' equity 625,802
Total liabilities and stockholders' equity m.

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