- B ’s balance sheets for 2015 and 2016 and income statement for 2016 is :
- cost of goods sold 220,000
- operating expense 271,125
- other gain/losses, net 11,125
Investment-related income 40,000
Interest expense 14,400
Income before income taxes 505,600
Income tax expense 150,600
- Net income 355,000
2016 2017
Cash 350,000 330,000
receivable from customers, net 250,000 265,000
inventory 155,000 200,000
investments 0 160,000
plant assets 1,110,000 1,370,000
accumulated depreciation (300,000) (425,000)
1,565,000 1,900,000
Accounts payable 100,000 177,000
income taxes payable 400,000 46,000
other payables/accrued liabilities 13,692 80,637
deferred tax liabilities, net 16,000 23,000
assets retirement obligation 0 1,387
capitalized lease obligation 0 18,594
Long-term bonds (including the discount accounts) 296,308 196,582
Common stock, $1 par value 100,000 100,200
Additional paid-in-capital, common stock 165,000 167,800
Retained earnings 834,000 1,088,800
1,565,000 1,900,000
Sale 960,000
still have some information，but its too long， I will send u pics when u take this question
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