Extracted text: Balance Sheet Calculations Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows: 2019 2020 Total shareholders' equity $ (a) $100,700 Accumulated other comprehensive income 4,800 5,000 Current liabilities (b) 9,800 Intangible assets 12,600 12,000 Property, plant, and equipment (net) (c) 87,500 Current assets 19,000 (h) Total contributed capital 51,000 (i) Long-term liabilities (d) 30,200 Retained earnings 41,900 (i) Total assets (e) (k) Common stock, $10 par (f) (1) Working capital 9,900 9,200 Additional paid-in capital (g) 40,000 Long-term investments 23,700 (m) Total liabilities 38,100 (n) Additional information: At the end of 2019, additional paid-in capital is twice the amount of common stock. In 2020, the company issued (sold) 300 shares of common stock. Required:
Extracted text: Next Level Prepare the correct balance sheet. All the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.) FERMER COMPANY Balance Sheet December 31 2019 2020