Question 4 has 11 questions that go with it.

value: 35.00 points Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2014, were inventory, $53,900; total assets, $189,400; common stock, $82,000; and retained earnings, $31,508.) CABOT CORPORATION Income Statement For Year Ended December 31, 2015 Sales Cost of goods sold $452,600 296,850 Gross profit Operating expenses Interest expense 155,750 98.800 4.800 Income before taxes Income taxes 52.150 21,008 Net income $ 31,142 CABOT CORPORATION Balance Sheet December 31, 2015 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured $ 19,500 4.400 3,100 $ 10,000 8,800 29,600 3,500 38,150 2,700 150,300 by mortgage on plant assets Common stock Retained earnings 71,400 82,000 62,650 Total assets $243,050 Total liabilities and equity $243,050