The Davidson Corporation’s balance sheet and income statement

Financial StatementsThe Davidson Corporation’s balance sheet and income statement are provided here.Davidson Corporation: Balance Sheet as of December 31, 2014 (Millions of Dollars)AssetsLiabilities and EquityCash and equivalents$15 Accounts payable$150Accounts receivable470 Notes payable230Inventories840 Accruals300 Total current assets$1,325 Total current liabilities$680Net plant and equipment2,745 Long-term bonds1,520 Total debt$2,200 Common stock (100 million shares)270 Retained earnings1,600 Common equity$1,870Total assets$4,070 Total liabilities and equity$4,070Davidson Corporation: Income Statement for Year Ending December 31, 2014 (Millions of Dollars)Sales$5,000Operating costs excluding depreciation and amortization4,150EBITDA$850Depreciation and amortization300EBIT$550Interest198EBT$352Taxes (40%)140.8Net income$211.2Common dividends paid$48.576Earnings per share$2.112Construct the statement of stockholders’ equity for December 31, 2014. No common stock was issued during 2014. Write out all your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest share or dollar.Common StockRetainedTotal Stockholders’SharesAmountEarningsEquityBalances, 12/31/13 $ $ $ 2014 Net income$ Cash dividends$ Addition to RE$ Balances, 12/31/14 $ $ $ Enter your answers for parts b-d in millions. For example, an answer of $25,000,000 should be entered as 25.How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary.$ million At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, if necessary.$ million How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary.$ million