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
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 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Assets Current assets Cash and cash equivalents Marketable securities Accounts receivable $20,390 a. $307,364 Allowance for doubtful accounts b. 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 Income taxes payable 294,842 Current portion of long-term debt 403,506 Accrued expenses 17,804 Total current liabilities C. Long-term debt Deferred income taxes $170,952 e. 12,842 9,786 11,308 $221,526 244,008 f. 70,272 g. 24,964 Pension liability d. Total liabilities 390,934 Stockholders' equity 207,350 Preferred stock, no par value (authorized 20,000 shares, issued 4,800 shares) h. 522,112 Common stock, $5 par value (authorized 800,000 shares, issued 40,000 shares) i. 29,746 Additional paid-in capital 147,450 15,852 Total contributed capital | j. $1,323,548 Retained earnings Appropriated 50,000 Unappropriated k. Total retained earnings and contributed capital Less treasury stock (6,842 shares) Total stockholders' equity Total liabilities and stockholders' equity 362,942 I. 43,618 695,336 m. $
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