Prepare balance sheet-net income for the year ended

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Reference no: EM131268044

Use the accounts below for Stanley Black and Decker to prepare a Balance Sheet at December 31, 2015. ($ millions). In addition, Retained Earnings at December 31, 2014 was $10,000, Net Income for the year ended December 31, 2015 was 40,000 and 4,000 was paid out in dividends during 2015.

Cash 10,000

Accounts receivable 6,000

Inventory 10,000

Land and Building 76,000

Accounts payable 1,000

Long-term debt 30,000

Contributed capital 25,000

Reference no: EM131268044

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