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106. Arcade Corporation's balance sheet and income statement appear below 106. Arcade Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Assets: Cash

image text in transcribed 106. Arcade Corporation's balance sheet and income statement appear below

106. Arcade Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Assets: Cash and cash equivalents........................ Accounts receivable....................... Inventorv........... Property, plant and equipment................ Less accumulated depreciation....... . .... Total assets.. Liabilities and stockholders' equity: Accounts payable. Bonds payable Common stock Retained earnings . Total liabilities and stockholders' equity Ending Balance $ 42 77 54 581 318 $23 293 61 59 Beginning Balance $36 80 58 480 294 $360 $28 270 60 Income Statement Sales .......... Cost of goods sold... Gross margin Sellin and administrative expense . Net operating income ..... .. . .... .. Income taxes Net income ... $723 453 270 163 107 32 Make excel sheets according to the problem cashflow worksheet- indirect method.

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