The December 31, 2019, balance sheet for Burdette Corporation is presented here. These are the only accounts on Burdette’s balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information: BURDETTE CORPORATION Balance Sheet As of December 31, 2019 Assets Cash $ 30,000 Accounts receivable (net) ? Inventory ? Property, plant, and equipment (net) 352,800 $ 518,400 Liabilities and Stockholders’ Equity Accounts payable (trade) $ ? Income taxes payable (current) 30,000 Long-term debt ? Common stock 360,000 Retained earnings ? $ ? Additional Information Current ratio (at year end) 1.5 to 1.0 Total liabilities ÷ Total stockholders’ equity 80 % Gross margin percentage 30 % Inventory turnover (Cost of goods sold ÷ Ending inventory) 10.5 times Gross margin for 2019 $ 378,000 Required Compute the balance in trade accounts payable as of December 31, 2019. Compute the balance in retained earnings as of December 31, 2019. Compute the balance in the inventory account as of December 31, 2019. (Assume that the level of inventory did not change from last year.)

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.