1 )Account Balance 12/31/2016 Balance 12/31/2017 Accumulated depreciation $ 2029 $ 2662 Accounts payable $ 1792 $ 2058 Accounts receivable $ 2486 $ 2686 Cash $ 1307 $ 1196 Common stock $ 4991 $ 4991 Inventory $ 5805 $ 6033 Long-term debt $ 7805 $ 8196 Plant, property, and equipment $ 8407 $ 9206 Retained earnings $ 1388 $1214

a. construct a balance sheet for

2016/2017

and

2016/2017.

b. list all the working capital accounts.

c. find the net working capital for the years ending

2016/2017

and

2016/2017.

d. calculate the change in net working capital for the year

2016/2017.

2)

Income statement. From the following income statement accounts in the popup window,

Income Statement Accounts for the Year Ending 20172017

Account

Balance

Cost

of goods sold

$ 346,000 $346,000

Interest expense

$ 80,000 $80,000

Taxes

$ 56,000 $56,000

Revenue

$ 749,000 $749,000

Selling, general, and administrative expenses

$ 69,000 $69,000

Depreciation

$ 114,000 $114,000

,

a. produce the income statement for the year.

b. produce the operating cash flow for the year.

a. produce the income statement for the year.

Complete the income statement below.(Round to the nearest dollar.)

Income Statement
Year Ending December 31, 2017
	$
	$
	$
	$
EBIT	$
	$
Taxable income	$
	$
Net income	$

3)

Operating cash flow. Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of $311,700,000, cost of goods sold of $130,200,000, sales and administrative costs of $39,900,000, depreciation expense of $62,400,000,and a tax rate of 40%.

The operating cash flow is

$

4)

Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of 81,900,000 cost of goods sold of 35,900,000 sales and administrative costs of 6,000,000 depreciation expense of 7,400,000 and a tax rate of 30%

The operating cash flow is

$

5)