Table 1: MHS Balance Sheet
Line Item Description Amount Page #
Total Assets Total Assets $32,800,000 405
Total Current Liabilities Current Liabilities $5,825,000 405
Less Current Portion of Long-Term Debt Current Portion of Long-Term Debt ($525,000) 405
Inventories of Supplies Inventories $900,000 405
The statement of revenue and expense identifies income from operations as $1,700,000 and total operating revenue of $35,100,000. Interest income is reported on this form as $80,000. These values are illustrated on Table 2 below. In addition, accumulated depreciation from the MHS Schedule of Property, Plant, and Equipment is reported as $26,100,000(Baker & Baker, 2011). This is illustrated in Table 4.
Table 2: Statement of Revenue and Expense
Line Item Description Amount Page #
Income from Operations Income from Operations $$1,700,000 406
Total Operating Revenue Total Operating Revenue $35,100,000 406
Interest Income Interest Income $80,000 406
Table 3: MHS Schedule of Property, Plant and Equipment
Line Item Description Amount Page #
Less Accumulated Depreciation Accumulated Depreciation ($26,100,000) 408
The MHS balance sheet reports cash and equivalents of $1,150,000. Using the look-up table provided by Baker we can determine that investing this