Computing Missing Amounts on a Classified Balance Sheet The consolidated balance sheet of Mutron Lock Inc....

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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. Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable Allowance for doubtful accounts Inventories Prepaid expenses Total current assets Property, plant, and equipment Land Building Equipment and machinery Less: Accumulated depreciation Total property, plant, and equipment Investments Other assets Total assets Current liabilities $14,273 a. 0 Notes payable $215,155 Consolidated Balance Sheet As of December 31 Liabilities and Stockholders' Equity Accounts payable Income taxes payable b. 0 206,389 Current portion of long-term debt 282,454 12,463 Accrued expenses Total current liabilities C. 0 Long-term debt Deferred income taxes $119,666 e. 0 8,989 6,850 7,916 $155,068 170,806 f. 0 49,190 g. 0 17,475 Pension liability d. Total liabilities 273,654 Stockholders' equity 145,145 Preferred stock, no par value (authorized 14,000 shares, issued 3,360 shares) h. 365,478 Common stock, $5 par value (authorized 560,000 shares, issued 28,000 shares) i. 20,822 Additional paid-in capital 0 0 103,215 11,096 Total contributed capital j. 0 $926,484 Retained earnings Appropriated Unappropriated Total retained earnings and contributed capital Less treasury stock (4,789 shares) Total stockholders' equity Total liabilities and stockholders' equity k. 35,000 0 254,059 0 30,533 m. $ 486,735 0 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. Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable Allowance for doubtful accounts Inventories Prepaid expenses Total current assets Property, plant, and equipment Land Building Equipment and machinery Less: Accumulated depreciation Total property, plant, and equipment Investments Other assets Total assets Current liabilities $14,273 a. 0 Notes payable $215,155 Consolidated Balance Sheet As of December 31 Liabilities and Stockholders' Equity Accounts payable Income taxes payable b. 0 206,389 Current portion of long-term debt 282,454 12,463 Accrued expenses Total current liabilities C. 0 Long-term debt Deferred income taxes $119,666 e. 0 8,989 6,850 7,916 $155,068 170,806 f. 0 49,190 g. 0 17,475 Pension liability d. Total liabilities 273,654 Stockholders' equity 145,145 Preferred stock, no par value (authorized 14,000 shares, issued 3,360 shares) h. 365,478 Common stock, $5 par value (authorized 560,000 shares, issued 28,000 shares) i. 20,822 Additional paid-in capital 0 0 103,215 11,096 Total contributed capital j. 0 $926,484 Retained earnings Appropriated Unappropriated Total retained earnings and contributed capital Less treasury stock (4,789 shares) Total stockholders' equity Total liabilities and stockholders' equity k. 35,000 0 254,059 0 30,533 m. $ 486,735 0

Answer rating: 100% (QA)

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