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Business, 09.07.2021 16:20 CarlyAnnn9949

eBook The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Liabilities and Equity Cash and equivalents $ 15 Accounts payable $ 150 Accounts receivable 610 Accruals 210 Inventories 810 Notes payable 230 Total current assets $ 1,435 Total current liabilities $ 590 Net plant and equipment 2,405 Long-term bonds 1,480 Total liabilities $ 2,070 Common stock (100 million shares) 270 Retained earnings $ 1,500 Common equity $ 1,770 Total assets $ 3,840 Total liabilities and equity $ 3,840 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales $ 5,000 Operating costs excluding depreciation and amortization 4,000 EBITDA $ 1,000 Depreciation and amortization 180 EBIT $ 820 Interest 220 EBT $ 600 Taxes (25%) 150 Net income $ 450 Common dividends paid $ 146 Earnings per share $ 4.50 Construct the statement of stockholders' equity for December 31, 2021. No common stock was issued during 2021. Write out all your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar.

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