Use the starting balance sheet and statement of cash flows to answer the question. Torche Corporation
Balance Sheet
As of December 31, 2018
(amounts in thousands)
Cash 147,000 Accounts Payable 24,000
Accounts Receivable 48,000 Debt 37,000
Inventory 38,000 Other Liabilities 50,000
Property Plant & 218,000 Total Liabilities 111,000
Equipment, Gross
Accumulated Depreciation 60,000 Paid-In Capital 60,000
Property Plant 158,000 Retained Earnings 229,000
& Equipment, Net
Other Assets 9,000 Total Equity 289,000
Total Assets 400,000 Total Liabilities & Equity 400,000
Torche Corporation
Statement of Cash Flows
January 1 to March 31, 2019
(amounts in thousands)
Net Income 8,500
Depreciation 2,000
Decrease (Increase) in Accounts Receivable (800)
Decrease (Increase) in Inventory (300)
Increase (Decrease) in Accounts Payable (400)
Other Adjustments 0
Net Cash Flow from Operating Activities 9,000
Purchase of Property, Plant, & Equipment (5,400)
Other Adjustments 0
Net Cash Flow from Investing Activities (5,400)
Increase (Decrease) in Debt 100
Dividends (300)
Other Adjustments 0
Net Cash Flow from Financing Activities (200)
Net Cash Flow 3,400
What is the value for Total Liabilities & Equity on March 31, 2019?

What is the cause of smoky exhaust?

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.

Selected information about income statement accounts for the reed company is presented below (the company's fiscal year ends on december 31): 2018 2017sales $ 4,400,000 $ 3,500,000cost of goods sold 2,860,000 2,000,000administrative expenses 800,000 675,000selling expenses 360,000 312,000interest revenue 150,000 140,000interest expense 200,000 200,000loss on sale of assets of discontinued component 50,000 —on july 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by gaap. the assets of the component were sold on september 30, 2018, for $50,000 less than their book value. results of operations for the component (included in the above account balances) were as follows: 1/1/18-9/30/18 2017 sales $ 400,000 $ 500,000 cost of goods sold (290,000 ) (320,000 )administrative expenses (50,000 ) (40,000 )selling expenses (20,000 ) (30,000 )operating income before taxes $ 40,000 $ 110,000 in addition to the account balances above, several events occurred during 2018 that have not yet been reflected in the above accounts: a fire caused $50,000 in uninsured damages to the main office building. the fire was considered to be an infrequent but not unusual event.inventory that had cost $40,000 had become obsolete because a competitor introduced a better product. the inventory was sold as scrap for $5,000.income taxes have not yet been recorded.required: prepare a multiple-step income statement for the reed company for 2018, showing 2017 information in comparative format, including income taxes computed at 40% and eps disclosures assuming 300,000 shares of common stock. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)