Question: Given the following comparative balance sheet & comparative income statement and reconciliation, how would one find items 1.) A through E and 2.) A through
Given the following comparative balance sheet & comparative income statement and reconciliation, how would one find items 1.) A through E and 2.) A through E? Thanks!






C Given The Fallowing Cen x D Ch 12 Finsncial Statemen tpx Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a S680,000 long-term loan from Gulfport State Bank $190,000 of which will be used to bolster the Cash account and S490,000 of which will be used to modernize equipment. The company's financial statements for the two most recent years follow Sabin Electronics Comparative Balance Sheet This Year Last Year Assets Current assets Cash Marketable securities Accounts receivable, net $ 135,000 330,000 15,000 480,000 775,000 40,000 711,000 1,125,000 38,000 Prepaid expenses Total current assets Plant and equipment, net 2,009,000 2,245,000 1,640,000 1,550,000 Total assets $4,254,000 3,190,000 Liabilities and Stockholders Equity Liabilitics Current liabilities Bonds payable, 12% $ 850,000 400,000 00,000 800,000 Total liabilities 1,650,000 1,200,000 Stockholders' equity: Common stock, $15 par Retained earnings 870,000 1,734,000 870,000 1,120,000 1,990,000 $4,254,000 3,190,000 Total stockholders' equity 2,604,000 Total liabilities and equity O Type here to search 11:37AM
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