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#12 make anwser clear & readable 404 2010 $ 73,200 31,400 65,700 4,100 174,400 82,700 (12,800) $244,300 $ 18,300 38,800 72,800 3,300 133,200 93,500 (7.100)
#12 make anwser clear & readable
404 2010 $ 73,200 31,400 65,700 4,100 174,400 82,700 (12,800) $244,300 $ 18,300 38,800 72,800 3,300 133,200 93,500 (7.100) $219,600 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity $ 11,500 6,800 1, 100 19,409 22,700 42,100 $ 16,200 3,800 2,100 22,100 55,700 77,800 173, 100 29,100 $244,300 134,500 7.300 $219,600 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $375,980 Cost of goods sold 241,900 Gross profit 134,000 Operating expenses Depreciation expenses 28,900 Other expenses 68,600 97,500 Income before taxes 36,500 Income taxes expense 13,300 Net income $ 23,200 1. How much cash is paid to acquire inventory during year 2019? 2. How much cash is paid for other expenses during year 2019? Hint Examine prepaid expenses and wages payable 1. Cash paid for inventory Cash paid for other expenses 2
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