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3. For the following income statement and balance sheet, fill in the missing information for the calendar year ending December 31.

Sales $__________
COGS $200,000
Gross Profit $__________
Expenses $300,000
EBIT $___________
Interest Expense $ 10,000
EBT $___________
Tax Expense(40%) $ 36,000
Net Income $___________

Retained Earnings
(Jan 1) $150,000
Dividends Paid $ 25,000

All assets, liabilities, and equity items are as of the end of the year.
Current Assets $150,000
Non-current Assets $____________
Total Assets $____________
Current Liabilities $ 75,000
Long-term Liabilities $____________
Total Liabilities $171,000_____
CS and Capital in excess of par $300,000
Retained Earnings $____________
Total Stockholders' Equity $____________

 

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