Below is the balance sheet and income statement of Avett, Ine. CONSOLIDATED BALANCE SHEET CONSOLIDATED INCOME STATEMENT (in millions) Year Ending (in millions) Dec. 31 December 31, 2020 2020 2019 $20,000 Revenues (10,000) (10,000) (8,000) 2,000 (500) $1,500 Cost of Goods Sold ASSETS Profit Margin Cash and Cash Equivalents S1,000 S800 SG&A Accounts Receivable 300 500 Pre-Tax Income Merchandise Inventory 880 650 Тах Expense Net Income Short Term Investments 145 120 TOTAL CURRENT ASSETS 2,325 2,070 PP&E, net accumulated depreciation of $600 in 2020 and $500 in 2019 TOTAL ASSETS 1,250 1,000 Additional Information -------------- $3,575 $3,070 > No Property, Plant & Equipment (PPE) was sold during 2020. > No short-term investments were sold during the year. > All depreciation expense is included in SG&A > Because there is no dividends payable account at either the start of end of the year, you may assume all dividends declared in 2020 were paid in 2020. LIABILITIES Accounts Payable Other Payables TOTAL CURRENT LIABILITIES $530 $500 410 362 940 862 ------------------------------------- Mortgage Payable Long-Term Bank Loan 700 900 850 To Do TOTAL LIABILITIES 1,840 2,412 > Complete the 2020 Cash Flow Statement on the following page. OWNERS EQUITY Note: You may use the worksheet provided on the last page to help you prepare the Cash Flow Statement. Common Stock 80 70 Preferred Stock Additional Paid in Capital Retained Earnings Hint #1 PPE: Remember to evaluate changes in gross PPE separate from changes in accumulated depreciation. Recall gross PPE less accumulated depreciation equals net PPE. 290 250 1,365 1,735 338 Hint #2 Stock Issuance: Remember the total change in cash due to stock issuances/repurchases is the sum of the change in common stock (stated par value) and additional paid in capital (APIC). TOTAL OWNERS EQUITY 658 TOTAL LIABILITIES + OWNERS EQUITY $3,575 $3,070

Please do not give solution in image format thanku

Forecast an Income Statement Following is the income statement for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $27,807 Costs and expenses   Cost of products sold 8,331 Research and development expense 2,330 Selling, general, and administrative expense 9,480 Amortization of intangible assets 1,605 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 5,439 Other nonoperating income, net (373) Interest expense 1,314 Income before income taxes 4,498 Income tax provision 547 Net income 3,951 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $3,932   Use the following assumptions to prepare a forecast of the company’s income statement for FY2020.   Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal…

Accounts Payable$ 46,000 Accounts Receivable23, 800Cash (balance on January 1, 2021)90, 400Cash ( balance on December 31, 2021)78,000Common Stock152, 500 Dividends0Equipment137, 700Income Tax Expense10, 200Interest Expense 29, 600Inventory 17, 300Notes Payable25,000Office Expense 14, 400Prepaid Rent7, 100 Retained Earnings (beginning)6, 800Salaries and Wages Expense35, 800Service Revenue139,800 Utilities Expense25, 200Salaries and Wages Payable9, 000 Other cash flow information: Cash from issuing common stock$ 22,000Cash paid to reacquire common stock24, 500Cash paid for income taxes11, 100Cash paid to purchase long-term assets53, 400Cash paid to suppliers and employees84, 400Cash received from customers139,000 Prepare a statement of retained earnings for 2021.

How do you find the red numbers on the balance sheet and income statement?

Please help

Please calculate the verticle and horizontal analysis of the balance sheet. Consolidated Balance Sheets (USD $) 12/31/2020 Vertical Analysis 12/31/2019 Vertical Analysis Horizontal Analysis   In Millions, unless otherwise specified Current Assets:             Cash and Cash Equivalents $1,723   $1,929       Receivables, net 1,484   1,398       Merchandise Inventories 11,079   11,057       Other Current Assets 1,016   895       Total Current Assets 15,302   15,279       Property and Equipment, at cost 38,513   39,064       Less Accumulated Depreciation and Amortization 15,793   15,716       Net Property and Equipment 22,720   23,348       Goodwill 1,353   1,289       Other Assets 571   602       Total Assets 39,946   40,518       Current Liabilities:             Short-Term Debt 290   0       Accounts Payable 5,807   5,797       Accrued Salaries and Related Expenses 1,391   1,428       Sales Taxes Payable 434   396       Deferred Revenue 1,468…

answer in text form please (without image)

Please answer, round off final answers to two decimal places

The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2024 and 2023 ($ in thousands)   2024 2023 Assets     Cash $ 49 $ 24 Accounts receivable 46 53 Less: Allowance for uncollectible accounts (3) (2) Dividends receivable 3 2 Inventory 65 60 Long-term investment 21 18 Land 85 60 Buildings and equipment 273 290 Less: Accumulated depreciation (70) (90)   $ 469 $ 415 Liabilities     Accounts payable $ 35 $ 43 Salaries payable 3 7 Interest payable 7 2 Income tax payable 8 9 Notes payable 25 0 Bonds payable 115 90 Less: Discount on bonds (4) (5) Shareholders' Equity     Common stock 210 200 Paid-in capital—excess of par 24 20 Retained earnings 54 49 Less: Treasury stock (8) 0   $ 469 $ 415 DUX COMPANY Income Statement For the Year Ended…