QUESTION 2 Using the information below to answer Question 2-11 Barry Computer Company Balance Sheet as of December 31 (in thousands) Assets Cash and cash equivalents Accounts Receivables Inventories Total Current Assets Net Fixed Assets Total Assets 2011 77,500 336,000 241,500 655,000 292,500 $ 947,500 Liabilities and Equity Accounts Payables $ 129,000 Notes Payables 84,000 Other Current Liabilities 117,000 Total Current Liabilities 330,000 Long Term debts Total Debt Common Equity Total Liabilities and Equity Barry Computer Company Income Statement For the Year ending December 31,2011 (in thousands) Sales Cost of Goods Sold Materials 717,000 Labor 453,000 Heat, Light, and Power 68,000 256,500 586,500 361,000 947,500 2011 $1,607,500