2)

Use the data from the following financial statements in the popup window,

Partial Income Statement Year Ending 2017
Sales revenue	$349,800
Cost of goods sold	$142,000
Fixed costs	$42,800
Selling, general, and administrative expenses	$28,000
Depreciation	$45,900

Partial Balance Sheet 12/31/2016
ASSETS		LIABILITIES
Cash	$16,000	Notes payable	$14,200
Accounts receivable	$28,200	Accounts payable	$19,100
Inventories	$48,000	Long-term debt	$189,900
Fixed assets	$368,000	OWNERS' EQUITY
Accumulated depreciation (-)	$143,800	Retained earnings
Intangible assets	$82,000	Common stock	$131,900

Partial Balance Sheet 12/31/2017
ASSETS		LIABILITIES
Cash	$25,800	Notes payable	$12,000
Accounts receivable	$18,900	Accounts payable	$23,800
Inventories	$53,000	Long-term debt	$161,800
Fixed assets	$447,900	OWNERS' EQUITY
Accumulated depreciation (-)		Retained earnings
Intangible assets	$82,100	Common stock	$181,800

. Complete the balance sheet. Hint: Find the accumulated depreciation for

2016/2017

first.The accumulated depreciation for

2016/2017

is

$nothing.

(Round to the nearest dollar.)Complete the balance sheet for

2016/2017:

(Round to the nearest dollar.)

Balance Sheet 12/31/2016
ASSETS			LIABILITIES
Current assets			Current liabilities
Cash		$16,000	Notes payable		$14,200
Accounts receivable		$28,200	Accounts payable		$19,100
Inventories		$48,000	Total current liabilities	$
Total current assets	$		Long-term debt		$189,900
Fixed assets		$368,000	OWNERS' EQUITY
Accumulated depreciation (-)		$143,800	Retained earnings	$
Intangible assets		$82,000	Common stock		$131,900
			TOTAL LIABILITIES AND
TOTAL ASSETS	$		OWNERS' EQUITY	$

Complete the balance sheet for

2016/2017:

(Round to the nearest dollar.)

Balance Sheet 12/31/2017
ASSETS			LIABILITIES
Current assets			Current liabilities
Cash		$25,800	Notes payable		$12,000
Accounts receivable		$18,900	Accounts payable		$23,800
Inventories		$53,000	Total current liabilities	$
Total current assets	$		Long-term debt		$161,800
Fixed assets		$447,900	OWNERS' EQUITY
Accumulated depreciation (-)	$		Retained earnings	$
Intangible assets		$82,100	Common stock		$181,800
			TOTAL LIABILITIES AND
TOTAL ASSETS	$		OWNERS' EQUITY	$

Enter any number in the edit fields and then continue to the next question.

3)

Use the data from the following financial statements in the popup window,

Partial Income Statement Year Ending 2017
Sales revenue	$350,000
Cost of goods sold	$141,900
Fixed costs	$42,900
Selling, general, and administrative expenses	$28,000
Depreciation	$46,000

Partial Balance Sheet 12/31/2016
ASSETS		LIABILITIES
Cash	$16,000	Notes payable	$14,100
Accounts receivable	$28,000	Accounts payable	$19,000
Inventories	$48,200	Long-term debt	$190,000
Fixed assets	$368,100	OWNERS' EQUITY
Accumulated depreciation	$140,200	Retained earnings
Intangible assets	$81,800	Common stock	$132,000

Partial Balance Sheet 12/31/2017
ASSETS		LIABILITIES
Cash	$25,800	Notes payable	$12,000
Accounts receivable	$19,200	Accounts payable	$24,200
Inventories	$53,000	Long-term debt	$161,800
Fixed assets	$447,900	OWNERS' EQUITY

. The company paid interest expense of $18,900 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow to creditors for 2017 by parts and total, with the parts being interest expense and increases or decreases in borrowing (long-term debt).

The interest expense for the year is

$.

(Round to the nearest dollar.)The net new borrowing is

$.

(Round to the nearest dollar.)The cash flow to creditors is

$.

(Round to the nearest dollar.)

4)

From the following income statement accounts in the popup window,

Income Statement Accounts for the Year Ending 20172017
Account	Balance
Cost of goods sold	$350,000
Interest expense	$84,000
Taxes	$48,800
Revenue	$741,000
Selling, general, and administrative expenses	$68,000
Depreciation $ 117,000

,

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	$

b. produce the operating cash flow for the year.

The operating cash flow for the year is

$.

(Round to the nearest dollar.)

Choose from any list or enter any number in the input fields and then continue to the next question.

5)

Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of $79,200,000,cost of goods sold of $34,700,000, sales and administrative costs of $6,300,000 depreciation expense of $7,600,000,and a tax rate of 30%.