Category	Prior Year	Current Year
Accounts payable	3,177.00	5,938.00
Accounts receivable	6,963.00	8,929.00
Accruals	5,610.00	6,044.00
Additional paid in capital	20,289.00	13,008.00
Cash	???	???
Common Stock	2,850	2,850
COGS	22,612.00	18,243.00
Current portion long-term debt	500	500
Depreciation expense	1,037.00	968.00
Interest expense	1,299.00	1,153.00
Inventories	3,065.00	6,747.00
Long-term debt	16,583.00	22,680.00
Net fixed assets	75,893.00	73,843.00
Notes payable	4,092.00	6,548.00
Operating expenses (excl. depr.)	19,950	20,000
Retained earnings	35,879.00	34,418.00
Sales	46,360	45,907.00
Taxes	350	920

To analyze and complete the financial information you provided, let's focus on computing or analyzing the missing values, especially for "Cash," and explore the relationships between these variables. Typically, cash is determined using the balance sheet equation:

\[
\text{Total Assets} = \text{Total Liabilities} + \text{Equity}
\]

### Steps to Approach the Problem:
1. **Balance Sheet Breakdown**:
   - **Assets** include: Cash, Accounts Receivable, Inventories, and Net Fixed Assets.
   - **Liabilities** include: Accounts Payable, Accruals, Notes Payable, Long-term Debt, and the Current Portion of Long-term Debt.
   - **Equity** includes: Common Stock, Additional Paid-in Capital, and Retained Earnings.

### Calculating Total Assets:
We will assume that the balance sheet balances (i.e., total assets = total liabilities + equity) to compute the missing cash figures.

#### **For Prior Year:**

**Assets (Prior Year)**:
- Accounts Receivable: 6,963.00
- Inventories: 3,065.00
- Net Fixed Assets: 75,893.00
- **Cash (To be calculated)**

**Liabilities (Prior Year)**:
- Accounts Payable: 3,177.00
- Accruals: 5,610.00
- Notes Payable: 4,092.00
- Long-term Debt: 16,583.00
- Current Portion of Long-term Debt: 500.00

**Equity (Prior Year)**:
- Common Stock: 2,850.00
- Additional Paid-in Capital: 20,289.00
- Retained Earnings: 35,879.00

#### **For Current Year:**

**Assets (Current Year)**:
- Accounts Receivable: 8,929.00
- Inventories: 6,747.00
- Net Fixed Assets: 73,843.00
- **Cash (To be calculated)**

**Liabilities (Current Year)**:
- Accounts Payable: 5,938.00
- Accruals: 6,044.00
- Notes Payable: 6,548.00
- Long-term Debt: 22,680.00
- Current Portion of Long-term Debt: 500.00

**Equity (Current Year)**:
- Common Stock: 2,850.00
- Additional Paid-in Capital: 13,008.00
- Retained Earnings: 34,418.00

Would you like me to proceed by solving for cash, or do you have any other specific questions on this data?

---

### Questions for Further Exploration:
1. What is the relationship between equity and retained earnings over time in this context?
2. How does the decrease in sales affect cash flow, given the corresponding reduction in COGS?
3. How could the increase in long-term debt impact future interest expense?
4. What strategies could the company use to handle the increased accounts payable?
5. Why might the company have decreased additional paid-in capital from the prior year?

**Tip**: Keeping track of changes in operating expenses and sales can provide valuable insights into cost management and profitability over time.

Category Prior Year Current Year
Accounts payable 3,177.00 5,938.00
Accounts receivable 6,963.00 8,929.00
Accruals 5,610.00 6,044.00
Additional paid in capital 20,289.00 13,008.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,612.00 18,243.00
Current portion long-term debt 500 500
Depreciation expense 1,037.00 968.00
Interest expense 1,299.00 1,153.00
Inventories 3,065.00 6,747.00
Long-term debt 16,583.00 22,680.00
Net fixed assets 75,893.00 73,843.00
Notes payable 4,092.00 6,548.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,879.00 34,418.00
Sales 46,360 45,907.00
Taxes 350 920

Learn how to calculate missing cash values using the balance sheet equation. This problem explores assets, liabilities, and equity with real financial data, covering key concepts like accounts payable, long-term debt, and retained earnings. Suitable for students in finance, accounting, and engineering disciplines.

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