The following financial information is for Cullumber Company. CULLUMBER COMPANY Balance Sheets December 31 Assets 2022 2021 $ 70,000 $ 64,000 Cash Debt investments (short-term) 53,000 39,000 Accounts receivable 108,000 90,000 Inventory 229,000 162,000 Prepaid expenses 30,000 25,000 Land 130,000 130,000 Building and equipment (net) 264,000 185,000 Total assets $884,000 $695,000 Liabilities and Stockholders' Equity Notes payable $172,000 $102,000 Accounts payable 65,000 51,000 Accrued liabilities 41,000 41,000 Bonds payable, due 2025 250,000 172,000 Common stock, $10 par 202,000 202,000 Retained earnings 154,000 127,000 Total liabilities and stockholders' equity $884,000 $695,000 CULLUMBER COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue $890,000 $786,000 Cost of goods sold 641,000 575,000 Gross profit 249,000 211,000 Operating expenses 194,000 159,000 $ 55,000 $ 52,000 Net income Additional information: 1. Inventory at the beginning of 2021 was $116,000. 2. Accounts receivable (net) at the beginning of 2021 were $90,000. 3. Total assets at the beginning of 2021 were $642,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account.

Here is financial information for Windsor, Inc. December 31, 2022 December 31, 2021 Current assets $104,753 $ 89,000 Plant assets (net) 367,169 319,000 Current liabilities 108,936 72,000 Long-term liabilities 109,986 83,000 Common stock, $1 par 120,946 106,000 Retained earnings 132,054 147,000 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) WINDSOR, INC. Assets Current Assets Condensed Balance Sheet December 31 2022 2021 $104,753 $89,000 Plant assets (net) 367,169 319,000 Total assets Liabilities Current Liabilities $471,922 $408,000 $108,936 $72,000 Long-term liabilities 109,986 83,000 +A +A Increase or (Decrease) Amount Percentage % de % % do % % de Total liabilities $218,922 $155,000 do % Stockholders' Equity Common stock, $1 par 120,946 106,000 % Retained earnings 132,054 147,000 %…

The financial statements of Carrier Office Furniture Company include the following items: 2025 $44,000 14,000 98,000 149,000 553,000 290,000 60,000 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Note Payable What is working capital for 2026? O A. $37,500 OB. $98,500 O C. $191,000 O D. $66,500 2026 $48,500 29,000 95,000 165,000 526,000 271,000 64,000

Flint Corp. Statement of Financial Position For the Year Ended December 31, 2023 Current assets Cash (net of bank overdraft of $40,000 ) $450,000 Accounts receivable (net) Inventory at the lower of cost and net realizable value FV-NI investments (at cost-fair value $320,000 ) Property, plant, and equipment Buildings (net) 590,000 Equipment (net) 190,000 Land held for future use ,265,000 Intangible assets Goodwill Investment in bonds to collect cash flows, at amortized cost 100,000 Prepaid expenses Current liabilities Accounts payable 365,000 Notes payable (due next year) Pension obligation Rent payable 505,000 511,000 340,000 265,000 Long-term liabilities Bonds payable 681,000 Shareholders' equity Common shares, unlimited authorized, 380,000 issued 380,000 Contributed surplus 210,000 Retained earnings

Kinder Company Balance Sheet     December 31     2020   2019 Cash   $ 40,208   $ 11,424 Accounts receivable (net)   42,896   22,736 Inventory   39,200   47,040 Long-term investments   0   16,800 Property, plant & equipment   264,880   168,000 Accumulated depreciation       (42,224)       (28,000)     $344,960   $238,000           Accounts payable   $ 19,040   $ 29,680 Accrued liabilities   23,520   19,040 Long-term notes payable   78,400   56,000 Common stock   145,600   100,800 Retained earnings   78,400   32,480     $344,960   $238,000   Kinder Company Income statement December 31, 2020 Sales Revenue    $ 520,285  Cost of Goods Sold              (304,045) Gross Profit                   216,240 Operating Expenses                 (137,056) Depreciation Expense                   (14,224) Gain on Sale of Investment                   14,560 Net Income                    $79,520   Additional data: 1. Paid dividends of $33,600…

As of December 31, 2021, Halaga Corporation reported the following items in its balance sheet: Cash- P520,000 Receivables- P240,000 Inventory- P350,000 Equipment- P850,000 Accounts payable- P325,650 Short-term notes payable- P524,500 Long-term debt- P1,049,850 Weighted average of outstanding shares in 2021- P250,000 Halaga Corporation contracted a third-party appraiser which has determined that the replacement value of its assets. This resulted to P14.22 calculation as its replacement value per share of the company.Based on the report of the appraiser, the property and plant have replacement cost of 125% of its reported value. On the other hand, the equipment only commands replacement cost of 70% of its value. According to the appraiser, the equipment was designed using an old technology, thus, the lower replacement cost. Other assets and liabilities are valued fairly.How much is the book value per share of Halaga Corporation as of December 31, 2021?   a. Php 0.24 b. Php 14.22 c.…

the balance sheets for Plasma Screens Corporation and additional information are provided below.  PLASMA SCREENS CORPORATIONBalance SheetsDecember 31, 2021 and 2020   2021   2020   Assets                 Current assets:                 Cash $ 242,000     $ 130,000     Accounts receivable   98,000       102,000     Inventory   105,000       90,000     Investments   5,000       3,000     Long-term assets:                 Land   580,000       580,000     Equipment   890,000       770,000     Less: Accumulated depreciation   (528,000 )     (368,000 )   Total assets $ 1,392,000     $ 1,307,000     Liabilities and Stockholders' Equity                 Current liabilities:                 Accounts payable $ 109,000     $ 95,000     Interest payable   7,000       13,000     Income tax payable   9,000       6,000     Long-term liabilities:                 Notes payable   110,000       220,000     Stockholders' equity:                 Common stock…

Presented below are data taken from the records of Sheffield Company.     December 31,2020   December 31,2019 Cash   $15,100   $7,900 Current assets other than cash   85,800   59,800 Long-term investments   10,100   53,000 Plant assets   335,200   214,500     $446,200   $335,200           Accumulated depreciation   $20,200   $40,200 Current liabilities   39,600   22,000 Bonds payable   75,800   –0– Common stock   252,800   252,800 Retained earnings   57,800   20,200     $446,200   $335,200 Additional information: 1.   Held-to-maturity debt securities carried at a cost of $42,900 on December 31, 2019, were sold in 2020 for $33,600. The loss (not unusual) was incorrectly charged directly to Retained Earnings. 2.   Plant assets that cost $49,600 and were 80% depreciated were sold during 2020 for $7,900. The loss was incorrectly charged directly to Retained Earnings. 3.   Net income as reported on the…

vv. Subject Finance

This Year Last Year Assets     Current assets:     Cash $360,000  $310,000  Marketable securities 220,000  80,000  Accounts receivable, net 775,000  700,000  Inventory 925,000  750,000  Other current assets 355,000  195,000  Total current assets 2,635,000  2,035,000  Plant and eqipment, net 1,975,000  1,800,000  Other assets 75,000  100,000  Total assets $4,685,000  $3,935,000  Liabilities and Stockholders' Equity     Current Liabilities:     Accounts payable $250,000  $225,000  Short-term bank loans 750,000  600,000  Accrued payables 550,000  395,000  Other current liabilities 275,000  223,400  Total current liabilities 1,825,000  1,443,400  Bonds payable, 10% 575,000  400,000  Total liabilities 2,400,000  1,843,400  Stockholders' equity:     Common stock 1,150,000  1,150,000  Retained earnings 1,135,000  941,600  Total stockholders' equity 2,285,000  2,091,600  Total liabilities and stockholders' equity $4,685,000  $3,935,000…