Question: The Extra Surplus Company'<a href=s Balance Sheet for December 31, 2015 and the Income Statement for 2016…” />Question: The Extra Surplus Company's Balance Sheet for December 31, 2015 and the Income Statement for 2016...Question: The Extra Surplus Company's Balance Sheet for December 31, 2015 and the Income Statement for 2016...

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Question: The Extra Surplus Company’s Balance Sheet for December 31, 2015 and the Income Statement for 2016…
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Show transcribed image text The Extra Surplus Company's Balance Sheet for December 31, 2015 and the Income Statement for 2016 are shown below. Extra Surplus Company Balance Sheet December 31, 2015 Assets 19,500 Cash 9,750 Accounts Receivable 23,400 Inventory 39,000 Property and Equipment, Net 91,650 Liabilities and Stockholders' Equity 19,500 Accounts Payable 9,750 Notes Payable, Long-Term Common Stock 39,000 23,400 Retained Earnings 91,650 Extra Surplus Company Income Statement For the Year Ended December 31, 2016 37,700 Sales Cost of Goods Sold 8,700 Salaries and Wage Expense 8,700 Interest Expense 2,900 Other Expenses 450 15,950 Net Income

The Extra Surplus Company's Balance Sheet for December 31, 2015 and the Income Statement for 2016 are shown below. Extra Surplus Company Balance Sheet December 31, 2015 Assets 19,500 Cash 9,750 Accounts Receivable 23,400 Inventory 39,000 Property and Equipment, Net 91,650 Liabilities and Stockholders' Equity 19,500 Accounts Payable 9,750 Notes Payable, Long-Term Common Stock 39,000 23,400 Retained Earnings 91,650 Extra Surplus Company Income Statement For the Year Ended December 31, 2016 37,700 Sales Cost of Goods Sold 8,700 Salaries and Wage Expense 8,700 Interest Expense 2,900 Other Expenses 450 15,950 Net Income

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