Balance Sheet Calculations The balance sheet information of the John Company at the end of 2007 and 2008 is as follows:
|
2007 |
2008 |
|
|
Long term liabilities |
$ (a) |
$33,100 |
|
Accumulated other comprehensive income |
8,000 |
8,900 |
|
Working capital |
17,900 |
19,800 |
|
Intangible assets |
19,100 |
18,600 |
|
Common stock, $10 par |
(b) |
(i) |
|
Total stockholders’ equity |
(c) |
$179,000 |
|
Accumulated depreciation |
($37,500) |
48,600 |
|
Total liabilities |
51,900 |
(j) |
|
Current assets |
(d) |
39,800 |
|
Retained earnings |
83,300 |
(k) |
|
Total contributed capital |
66,700 |
(l) |
|
Total assets |
(e) |
(m) |
|
Additional paid in capital |
(f) |
(n) |
|
Long term investments |
40,100 |
(o) |
|
Current liabilities |
(g) |
(p) |
|
Property, plant, and equipment |
(h) |
180,000 |
Additional information: At the end of 2007, (a) the amount of long term liabilities is twice the amount of current liabilities, and (b) there are 2,900 shares of common stock outstanding. During 2008, the company (a) issued 100 shares of common stock for $25 per share, (b) earned net income of $20,600, and (c) paid dividends of $1 per share on the common stock outstanding at year end.
Required
Fill in the blanks lettered (a) through (p). All of the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)