Question: I cannot find the correct numbers and really need help! My assignment is due very soon and I am struggling :( Pinnacle Plus declared and






I cannot find the correct numbers and really need help! My assignment is due very soon and I am struggling :(
Pinnacle Plus declared and paid a cash dividend of $8.800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year $220,00 96,000 124, eee 58,888 6, 200 59,808 17,940 $ 41,868 $187,000 92, eee 95,000 50,600 6,200 38,200 11,460 $ 26, 740 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $19) Retained Earnings Total Liabilities and Stockholders' Equity $ 98,210 39, eee 47,00 117,000 $301,210 $ 64, eee 1,550 62, eee 127,550 183, 288 70,468 $301,210 $ 16,eee 34,00 60, eee 127,000 $237,00 $ 32,800 1,600 62, ee 96,400 103, 200 37,40e $237, eee Pinnacle Plus declared and paid a cash dividend of $8.800 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Current Year Previous Year $220,00 96,000 124, eee 58,888 6, 200 59,808 17,940 $ 41,868 $187,000 92, eee 95,000 50,600 6,200 38,200 11,460 $ 26, 740 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $19) Retained Earnings Total Liabilities and Stockholders' Equity $ 98,210 39, eee 47,00 117,000 $301,210 $ 64, eee 1,550 62, eee 127,550 183, 288 70,468 $301,210 $ 16,eee 34,00 60, eee 127,000 $237,00 $ 32,800 1,600 62, ee 96,400 103, 200 37,40e $237, eee
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