fill in the blanks lettered a through p all of the necessary information is provided 562992

Balance Sheet Calculations The balance sheet information of the John Company at the end of 2007 and 2008 is as follows:

2007

2008

Long term liabilities

$ (a)

$33,100

Accumulated other comprehensive income

8,000

8,900

Working capital

17,900

19,800

Intangible assets

19,100

18,600

Common stock, $10 par

(b)

(i)

Total stockholders’ equity

(c)

$179,000

Accumulated depreciation

($37,500)

48,600

Total liabilities

51,900

(j)

Current assets

(d)

39,800

Retained earnings

83,300

(k)

Total contributed capital

66,700

(l)

Total assets

(e)

(m)

Additional paid in capital

(f)

(n)

Long term investments

40,100

(o)

Current liabilities

(g)

(p)

Property, plant, and equipment

(h)

180,000

Additional information: At the end of 2007, (a) the amount of long term liabilities is twice the amount of current liabilities, and (b) there are 2,900 shares of common stock outstanding. During 2008, the company (a) issued 100 shares of common stock for $25 per share, (b) earned net income of $20,600, and (c) paid dividends of $1 per share on the common stock outstanding at year end.

Required

Fill in the blanks lettered (a) through (p). All of the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)

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