Question

Balance sheet. Construct the Barron​ Pizza, Inc. balance sheet statement for December​ 31, 2015, with the following​ information. Complete the balance sheet​ below:  ​(Round to the nearest thousand​ dollars.)

Retained​ earnings:$43,597

Accounts​ payable:$74,534

Accounts​ receivable:$34,716

Common​ stock:$119,927

​Cash:$8,222

​Short-term debt:$192

​Inventory:$23,496

​Goodwill:$48,326

​Long-term debt:$80,198

Other noncurrent​ liabilities:$42,457

Net​ plant, property, and​ equipment:$192,327

Other noncurrent​ assets:$16,839

​Long-term investments:$22,287

Other current​ assets:$14,692

Barron Pizza, Inc.
Balance Sheet as of December 31, 2015
($ in thousands)
ASSETS			LIABILITIES
Current Assets			Current liabilities
Answer	$	Answer	Answer	$	Answer
Answer	$	Answer	Answer	$	Answer
Answer	$	Answer	Total current liabilities	$	Answer
Answer	$	Answer	Answer	$	Answer
Total current assets	$	Answer	Answer	$	Answer
Answer			Total liabilities	$	Answer
Answer	$	Answer	OWNERS’ EQUITY
Answer	$	Answer	Answer	$	Answer
Answer	$	Answer	Answer	$	Answer
Answer	$	Answer	Total owners’ equity	$	Answer
			TOTAL LIABILITIES
TOTAL ASSETS	$	Answer	AND OWNERS’ EQUITY	$	Answer

Answer 1

Barron pizza, Inc.

Balance sheet as of December 31, 2015

($ in thousands)

Assets	amount	liabilities	Amount
Current assets		Current liabilities
Cash	8222	Accounts payable	74534
Accounts receivable	34716	Short term debt	192
Inventory	23496	Total current liabilities	74726
Other current assets	14692	Long term debt	80198
Total current assets	81126	Other non current liabilities	42457
Long term investments	22287	Total liabilities	197381
Net plant, property and equipment	192327	Owners' Equity
Goodwill	48326	Common stock	119927
Other non current assets	16839	Retained earnings	43597
		Total owners' equity	163524
Total assets	$360905	Total liabilities & owners equity	$360905