1. Complete Cora Corporation's financial statements by determining the missing amounts denoted by the letters. If...
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1. Complete Cora Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Income Statement 2019 2018 (in Thousands) Revenues $ 16,000 Cost of goods sold 11,040 Other expenses 1.240 1,250 Income before income taxes 1,540 1,850 648 Income taxes (35%) Net income Statement of Retained Earnings Beginning balance 2,740 Net income (78) (150) Dividends Ending balance Balance Sheet Assets Cash Property, plant, and equipment 1,537 1,386 11,826 Other assets 14,572 Total assets Liabilities Current liabilities Long-term debt Other liabilities $ 5,680 4,650 3,410 1,025 1,170 Total liabilities $ 9.600 Stockholders' equity: Common stock $ 350 $ 350 Retained earnings Other stockholders' equity Total stockholders' equity 140 170 4,312 Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities 1,100 Net cash used in investing activities (310) (400) Net cash used in financing activities (540) (540) Increase (decrease) in cash (170) 1,200 Cash at beginning of year Cash at end of year 1. Complete Cora Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Income Statement 2019 2018 (in Thousands) Revenues $ 16,000 Cost of goods sold 11,040 Other expenses 1.240 1,250 Income before income taxes 1,540 1,850 648 Income taxes (35%) Net income Statement of Retained Earnings Beginning balance 2,740 Net income (78) (150) Dividends Ending balance Balance Sheet Assets Cash Property, plant, and equipment 1,537 1,386 11,826 Other assets 14,572 Total assets Liabilities Current liabilities Long-term debt Other liabilities $ 5,680 4,650 3,410 1,025 1,170 Total liabilities $ 9.600 Stockholders' equity: Common stock $ 350 $ 350 Retained earnings Other stockholders' equity Total stockholders' equity 140 170 4,312 Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities 1,100 Net cash used in investing activities (310) (400) Net cash used in financing activities (540) (540) Increase (decrease) in cash (170) 1,200 Cash at beginning of year Cash at end of year
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