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25- the last picture includes what the information is Complete the statement one section at a time, beginning with the cash flows from operating activities.
25- the last picture includes what the information is
Complete the statement one section at a time, beginning with the cash flows from operating activities. Brady Corporation Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided (Used for) by Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Data Table Brady Corporation Comparative Balance Sheet December 31, 2018 and 2017 Increase 2018 2017 (Decrease) Assets Current Assets: Cash $ 57,000 $ 10,000 $ 47,000 Accounts Receivable 24,000 27,000 (3,000) 12,000 Merchandise Inventory 48,000 36,000 Long-term Assets: Plant Assets 169,700 90,700 79,000 (17,700) (26,700) 9,000 Accumulated Depreciation Plant Assets $ Total Assets 281,000 $ 137,000 $ 144,000 Liabilities Current Liabilities: Accounts Payable $ 31,000 $ 27,000 $ 4,000 Accrued Liabilities 10,000 13,000 (3,000) Income Tax Payable 8,000 8,000 0 Long-term Liabilities: 82,000 51,000 Bonds Payable 31,000 Total Liabilities 131,000 99,000 32,000 Stockholders' Equity 58,000 Common Stock, no par 19,000 39,000 Retained Earnings 97,000 74,000 23,000 (4,000) (5,000) (1,000) Treasury Stock 150,000 38,000 Total Stockholders' Equity 112,000 $ Total Liabilities and Stockholders' Equity 281,000 $ 137,000 $ 144,000 Print Done X 0 Data Table Transaction data for 2018 Cash paid for purchase of equipment Cash payment of dividends Issuance of common stock to retire bonds payable Issuance of bonds payable to borrow cash Cash receipt from issuance of common stock Cash receipt from sale of equipment (Cost, $81,000; Accumulated Depreciation, $15,000) Cash paid for purchase of treasury stock 160,000 10,000 16,000 47,000 23,000 59,000 1,000 Print Done i Data Table ho Brady Corporation Income Statement Year Ended December 31, 2018 Net Sales Revenue 615,000 450,000 Cost of Goods Sold Gross Profit 165,000 Operating Expenses: Salaries and Wages Expense Depreciation ExpensePlant Assets 42,000 6,000 3,000 51,000 114,000 Rent Expense Total Operating Expenses Operating Income Other Income and (Expenses): Loss on Disposal of Plant Assets Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income (7,000) (7,000) 107,000 23,000 $ 84,000 Print Done The Brady Corporation reported the following income statement for 2018 and comparative balance sheet for 2018 and 2017, along with transaction data for 2018: |(Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) E (Click the icon to view the additional data.) Prepare Brady Corporation's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.)Step by Step Solution
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