Financial data for Amazures, Inc. is given below. All figures are in dollars. Use this data...

 

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Financial data for Amazures, Inc. is given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2019 and use your constructed statement to answer the following 5 questions (i.e., 11 through 15). NOTE: Not every item in the list below belongs on the balance sheet - you have to use some given data to determine needed accounts for the balance sheet. However, other than what is listed and/or can be derived, there are no other accounts on Jade's balance sheet - use cash as a plug figure to balance the balance sheet. Accounts payable 2,875,400 Accruals 86,300 Accumulated depreciation Additional paid in capital Beginning of year inventory Common stock (S1.60 par value) Cost of goods sold Current portion of Long-term debt 16,986,900 9,785,900 12,479,200 1,876,000 147,956,800 3,754,100 Gross accounts receivable 2,148,600 Gross fixed assets 52,789,300 Long-term debt (excluding current portion) 24,768,200 Purchases 146,795,100 Retained earnings 7,986,800 Returns and allowances 37,600 Short-term bank loan 547,600 Cash ??? 11. What did Amazures record as Total Current Assets on December 31, 2019 balance sheet? 12. What did Amazures record as Total Current Liabilities on December 31, 2019 balance sheet? 13. What did Amazures record as Total Assets on December 31, 2019 balance sheet? 14. What was Total Shareholder's Equity on Amazures December 31, 2019 balance sheet? 15. Amazures, Inc. reported net income for 2019 of $2,286,200 and the company paid dividends of S1.05 per share in 2019. Given this information (along with the data provided above), compute what Amazures Company reported as retained earnings on its December 31, 2018 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2018 and December 31, 2019). Financial data for Amazures, Inc. is given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2019 and use your constructed statement to answer the following 5 questions (i.e., 11 through 15). NOTE: Not every item in the list below belongs on the balance sheet - you have to use some given data to determine needed accounts for the balance sheet. However, other than what is listed and/or can be derived, there are no other accounts on Jade's balance sheet - use cash as a plug figure to balance the balance sheet. Accounts payable 2,875,400 Accruals 86,300 Accumulated depreciation Additional paid in capital Beginning of year inventory Common stock (S1.60 par value) Cost of goods sold Current portion of Long-term debt 16,986,900 9,785,900 12,479,200 1,876,000 147,956,800 3,754,100 Gross accounts receivable 2,148,600 Gross fixed assets 52,789,300 Long-term debt (excluding current portion) 24,768,200 Purchases 146,795,100 Retained earnings 7,986,800 Returns and allowances 37,600 Short-term bank loan 547,600 Cash ??? 11. What did Amazures record as Total Current Assets on December 31, 2019 balance sheet? 12. What did Amazures record as Total Current Liabilities on December 31, 2019 balance sheet? 13. What did Amazures record as Total Assets on December 31, 2019 balance sheet? 14. What was Total Shareholder's Equity on Amazures December 31, 2019 balance sheet? 15. Amazures, Inc. reported net income for 2019 of $2,286,200 and the company paid dividends of S1.05 per share in 2019. Given this information (along with the data provided above), compute what Amazures Company reported as retained earnings on its December 31, 2018 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2018 and December 31, 2019).