Condensed financial data of bridgeport corp. follow.
bridgeport corp.
comparative...
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
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