Business, 06.12.2019 06:31 trujillo03

Condensed financial data of bridgeport corp. follow.

bridgeport corp.
comparative balance sheets
december 31

assets

2017

2016

cash
$ 151,096

$ 90,508

accounts receivable
164,186

71,060

inventory
210,375

192,330

prepaid expenses
53,108

48,620

long-term investments
258,060

203,830

plant assets
532,950

453,475

accumulated depreciation
(93,500

)

(97,240

)

total
$1,276,275

$962,583

liabilities and stockholders’ equity

accounts payable
$ 190,740

$ 125,851

accrued expenses payable
30,855

39,270

bonds payable
205,700

273,020

common stock
411,400

327,250

retained earnings
437,580

197,192

total
$1,276,275

$962,583

bridgeport corp.
income statement data
for the year ended december 31, 2017

sales revenue
$726,420

less:
cost of goods sold
$253,310

operating expenses, excluding depreciation
23,207

depreciation expense
86,955

income tax expense
51,014

interest expense
8,845

loss on disposal of plant assets
14,025

437,356

net income
$ 289,064

Answers: 2

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Condensed financial data of bridgeport corp. follow.

bridgeport corp.
comparative...