Question: please help me find the total assets and the retained earnings. thank you. ( all information is provided ) Balance sheet. Use the data from
Balance sheet. Use the data from the following financial statements in the popup window, The accumulated depreciation for 2017 is $ 188200 . (Round to the nearest dollar.) Complete the balance sheet for 2016: ASSETS Current assets Cash Accounts receivable Inventories Total current assets Fixed assets Accumulated depreciation (-) Intangible assets TOTAL ASSETS Complete the balance sheet for 2017: ASSETS Current assets Cash Accounts receivable Inventories Total current assets Fixed assets Accumulated depreciation (-) Intangible assets TOTAL ASSETS (Round to the nearest dollar.) Balance Sheet 12/31/2016 LIABILITIES Current liabilities $16,000 Notes payable $28,100 Accounts payable $48,200 Total current liabilities 92,300 Long-term debt $367,800 OWNERS' EQUITY $142,100 Retained earnings $82,000 Common stock TOTAL LIABILITIES AND 400,000 OWNERS' EQUITY (Round to the nearest dollar.) Balance Sheet 12/31/2017 LIABILITIES Current liabilities $26,100 Notes payable $19,100 Accounts payable $53,000 Total current liabilities 98200 Long-term debt $448,100 OWNERS' EQUITY 188200 Retained earnings $81 ,800 Common stock TOTAL LIABILITIES AND $ OWNERS' EQUITY Complete the balance sheet. Hint: Find the accumulated depreciation for 2017 first. Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 $13,900 $18,900 32,800 $190,200 45,000 $132,000 400,000 $12,200 $24,200 36400 $161,800 $182,000 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) $350,100 $142,000 $42,800 $27,900 $46, 100 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 12/31/2016 LIABILITIES $16,000 Notes payable $28,100 Accounts payable $48,200 Long-term debt $367,800 OWNERS' EQUITY $142,100 Retained earnings $82,000 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 12/31/2017 LIABILITIES $26,100 Notes payable $19,100 Accounts payable $53,000 Long-term debt $448,100 OWNERS' EQUITY Retained earnings $81 ,800 Common stock $13,900 $18,900 $190,200 $132,000 $12,200 $24,200 $161 ,800 $182,000 print Done
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