Dansko Integrated Balance Shee
| Dansko IntegratedBalance SheetAs of December 31, 2019(amounts in thousands) | |||
|---|---|---|---|
| Cash | 99,000 | Accounts Payable | 27,000 |
| Accounts Receivable | 45,000 | Debt | 35,000 |
| Inventory | 38,000 | Other Liabilities | 10,000 |
| Property Plant & Equipment, Gross | 235,000 | Total Liabilities | 72,000 |
| Accumulated Depreciation | 67,000 | Paid-In Capital | 80,000 |
| Property Plant & Equipment, Net | 168,000 | Retained Earnings | 214,000 |
| Other Assets | 16,000 | Total Equity | 294,000 |
| Total Assets | 366,000 | Total Liabilities & Equity | 366,000 |
| Dansko IntegratedStatement of Cash FlowsJanuary 1 to March 31, 2020(amounts in thousands) | |
|---|---|
| Net Income | 9,500 |
| Depreciation | 1,800 |
| Decrease (Increase) in Accounts Receivable | 400 |
| Decrease (Increase) in Inventory | (800) |
| Increase (Decrease) in Accounts Payable | 900 |
| Other Adjustments | 0 |
| Net Cash Flow from Operating Activities | 11,800 |
| Purchase of Property, Plant, & Equipment | (6,700) |
| Other Adjustments | 0 |
| Net Cash Flow from Investing Activities | (6,700) |
| Increase (Decrease) in Debt | (200) |
| Dividends | (800) |
| Other Adjustments | 0 |
| Net Cash Flow from Financing Activities | (1,000) |
| Net Cash Flow | 4,100 |
What is the value for Total Liabilities & Equity onMarch 31, 2020?
Please specify your answer in the same units as the financialstatements (i.e., enter the number from your updated balancesheet).
Answer:
Step 1 : Total Liabilities on March 31,2020
| Liabilities | $ |
| Accounts Payable | 27900 |
| Debt | 34800 |
| Other Liabilities | 10000 |
| Total Liabilities | 72700 |
Workings:
1. Accounts Payable = Beginning accounts payable balance +Increase in accounts payable during the year
Accounts Payable = $27000 + $900 = $27900
2. Debt = Beginning Debt balance – Decrease in debt during theyear
Debt = $35000 – $200 = $34800
Step 2 : Equity on March 31, 2020
| Particulars | $ |
| Paid-in-capital | 80000 |
| Retained Earnings | 222700 |
| Total Equity | 302700 |
Workings
Retained earnings = Beginning retained earnings balance + NetIncome – Dividend
Retained earnings = $214000 + 9500 – $800 = $222700
Step 3 : Total Liabilities and Equity
Total Liabilities = $72700
Equity = $302700
| Total Liabilities and Equity = $72700 + $302700 = $375400 |
Step 4: Updated Balance sheet
Dansko Integrated Balance sheet as of December 31,2020
| Particulars | $ |
| Accounts Payable | 27900 |
| Debt | 34800 |
| Other Liabilities | 10000 |
| Total Liabilities(a) | 72700 |
| Paid-in-capital | 80000 |
| Retained Earnings | 222700 |
| Total Equity (b) | 302700 |
| Total Liabilities & Equity(c) | 375400 |
All the best…
"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"
