Question

Complete the table below for the liabilities and​ owners' equity part of the balance​ sheet

Barron Pizza, Inc. Balance Sheet as of December 31, 2012, 2013, and 2014 (S in thousands) LIABILITIES 2014 2013 2012 Current liabilities Accounts payable s $ 74.480 $ 66,107 Short-term debt $ 271 $ $ 300 Total current liabilities $ 80,948 $ 74,712 $ Long-term debt $ 60,984 $C $ 184,975 Other liabilities $ 28,817 $ 20,182 Total liabilities $ 187,832 $ 243,549 $ OWNERS' EQUITY Common stock $ $ 102,474 $ 102,105 Retained earnings $ 39,342 $ $ 13,654 Total owners' equity $ Iss $ TOTAL LIABILITIES AND OWNERS' EQUITY $ 347,196 $ 365,372 $

Answer 1

Calculation of missing figures as on 2014
Given,
Total current liabilities	$80,948
Short term debt	$271
Total current liabilities= Short term debts+Accounts payables
Accounts payables= $(80948-271)
	$80,677
Given,
Long term debts	$60,984
Total liabilities	$187,832
Total liabilities= Total current liabilities+Long term debts+Other liabilities
Other liabilities= $(187832-80948-60984)
	$45,900
Given,
Retained earnings	$39,342
Total owners equity= Total liabilities and owner equity-Total liabilities
	$(347196-187832)
	$159,362
Total owners equity= Common stock + Retained earnings
Common stock= $(159362-39342)
	$120,020
Calculation of missing figures as on 2013
Given,
Total current liabilities	$74,712
Accounts payables	$74,480
Total current liabilities= Short term debts+Accounts payables
Short term debts= $(74712-74480)
	$232
Given,
Other liabilities	$28,817
Total liabilities	$243,549
Total liabilities= Total current liabilities+Long term debts+Other liabilities
Long term debts= $(243549-74712-28817)
	$140,020
Given,
Common stock	$102,474
Total owners equity= Total liabilities and owner equity-Total liabilities
	$(365372-243549)
	$121,823
Total owners equity= Common stock + Retained earnings
Retained earnings= $(121823-102474)
	$19,349
Calculation of missing figures as on 2012
Given,
Short term debt	$300
Accounts payables	$66,107
Total current liabilities= Short term debts+Accounts payables
	$66,407
Given,
Long term debts	$184,975
Other liabilities	$20,182
Total liabilities= Total current liabilities+Long term debts+Other liabilities
	$271,564
Given,
Common stock	$102,105
Retained earnings	$13,654
Total owners equity= Common stock + Retained earnings
	$115,759
Total owners equity and liabilities= Total Liabilities+ Total owners equity
	$(271564+115759)
	$387,323