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Please show calculations Bernie's Medical Supply Corporation

Question : Please show calculations Bernie's Medical Supply Corporation : 4044

Please show calculations

Bernie's Medical Supply Corporation Balance Sheet as of December 31, 2009 and 2010 (in thousands of dollars) 2009 2010 2009 2010 Liabilities & Equity Assets Current assets: Current liabilities Accrued wages and Cash and marketable 76 98 securities 123 124 taxes 246 271 Accounts receivable 321 339 Accounts payable 222 Inventory 222 494 548 Notes payable 544 591 Total 938 $1,011 Total Fixed assets: 937 $963 Long-term debt: Gross plant and equipment $1,507 $1,843 Stockholders' equity: Less: Depreciation 97 261 Preferred stock (10 million shares) 10 10 Common stock and Net plant and equipment $1,310 $1,582 paid-in surplus 200 200 Other long-term (100 million shares) 22 220 assets Retained earnings 777 049 $1,530 $1,802 Tota. Total 987 $1,259 Total liabilities and equity Total assets $2,468 $2,813 $2,468 $2,813 Bernie's Medical Supply Corporation Income Statement for Years Ending December 31, 2009 and 2010 (in thousands of dollars) 2009 2010 Net sales $1,357 $1,509 Less: Cost of goods sold 666 740 Gross profits 769 Less: Depreciation Earnings before interest and taxes (EBIT) 632 705 Less: Interest 68 79 Earnings before taxes (EBT) 564 626 Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders 364 397 Less: Common stock dividends Addition to retained earnings 239 272

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