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 Liabilities and Equity Accounts Payables Notes Payables Other Current Liabilities Total Current Liabilities Long Term debts Total Debt Common Equity Total Liabilities and Equity 2011 77,500 336,000 241,500 655,000 292,500 $ 947,500 $ 129,000 84,000 Barry Computer Company Income Statement For the Year ending December 31,2011 (in thousands) Sales Cost of Goods Sold 117,000 330,000 256,500 586,500 361,000 947,500 2011 $1,607,500