Use the information provided from Haloid Company’s accounting records to answer questions 6 and 7. For the Years Ended December 31, 2010, and 2009 Assets 20102009 Cash$ 80$60 Accounts...

Use the information provided from Haloid Company’s accounting records to answer questions 6 and 7.

For the Years Ended December 31, 2010, and 2009

Accounts receivable4040

Short-term investment in property4060

Property, plant, and equipment 350 310

Total liabilities &shareholders’ equity$510 $470

IncomeStatement:

Sales revenue$850

Expenses800