Cash Receivables Inventory Current Assets Balance Sheet (5000) Fixed Assets Gross Accum deprec Net Fixed Assets Total Assets Accts payable Wages payable Current Liabilities 12/31/18 2,745 19,842 10.045 32,632 ASSETS 80,128 (60.225) 19,903 52.535 Long term debt 36,490 Equity 12.163 Total Liab, & Equity 52.535 12/31/19 1,071 24,691 15.621 41,383 97,432 (68,076) 29,356 70.739 LIABILITIES AND EQUITY 3,114 768 3,882 6,307 914 7,221 48,128 15.390 20.739 Calculate the dividend payout ratio. Income Statement For the Year ended 12/31/19 (5000) Sales 88,765 COGS 39.506 Gross Margin 49,259 Depreciation Exp. 7,851 Other Expenses 26.717 EBIT Interest EBT Taxes Net Income 14,691 4,312 10,379 4.152 6.227 dividends 3,000 addition to R/E 3,227

An accounting cycle is a multiple-step process that analyzes, verify, record and summarize the entities financial data. The accounting cycle starts when the transaction occurs between two parties and ends when the transaction is completed. The accounting…