2 Balance Sheet Income Stmt Solve for the missing numbers.. Cash Flow Stmt MONOPOLY CORPORATION Comparative Balance Sheet Skipped December 31 Current Year Prior Year Assets Cash $ 51,470 $ 32,200 Accounts receivable 32,300 Inventories 70,300 Prepaid rent 2,830 2,300 Property, plant, and equipment 228,500 203,000 Accumulated depreciation (56,800) (41,500) Total assets $ 354,400 $ 298,600 Liabilities and Stockholders' Equity Accounts payable $ 38,600 $ 34,300 Accrued Liabilities 10,000 12,300 Notes payable (long-term) 131,500 153,000 Contributed capital 53,000 26,500 Retained earnings 121,300 72,500 Total liabilities and stockholders' equity $ 354,400 $ 298,600 2 Skipped Balance Sheet Income Stmt Solve for the missing numbers. Cash Flow Stmt MONOPOLY CORPORATION Income Statement Sales Expenses Cost of goods sold Year Ended December 31 $ 489,500 Selling, general and administrative expenses Depreciation expense Interest expense Income taxes Net income $ 293,000 95,500 9,300 430,400 $ 59,100 < Balance Sheet Cash Flow Stmt > er Cash Flow Statement Year Ended December 31 Cash flows from operating activities $ 59,100 Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 15,300 ed Change in current assets and current liabilities Accounts Receivable (4,300) Inventories Prepaid Rent $ 10 (21,500) $ 4,300 Accounts Payable Accrued Liabilities Net cash provided by (used in) berating activities Cash flows from investing activities Purchase of property, plant, and equipment (25,500) Net cash provided by (used for) investing activities (25,500) Financing activities Additional capital contributed by stockholders Payments on long-term debt (21,500) Payment of cash dividends Net cash provided by (used for) financing activities Increase in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period 19,270 32,200 $ 51,470