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A Boscia Corporation's balance sheet appears below
Comparative Balance SheetEnding Balance Beginning BalanceAssets:Cash and cash equivalents 44 38Accounts receivable 82 69Inventory 71 69plant and equipment 537 500Accumulated depreciation -240 -201Total assets 494 475
Liabilities and stockholders' equity:Ending Balance Beginning BalanceAccounts payable 70 60Wages payable 24 21Taxes payable 19 22Bonds payable 226 300Deferred taxes 19 18Common stock 22 20Retained earnings 114 34Total liabilities and stockhol 494 475
The net income for the year was $108. Cash dividends were $28.
Required:
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