8 of 8 (8 complete) i Data Table SI si Atkinson Group, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash $ 12/300 $ 15,600 Accounts Receivable Merchandise Inventory Long-term Assets: 42,300 97,000 43,500 93,500 Land Plant Assets 40,100 120,710 (19,910) 15,000 111,310 (17,310) Accumulated Depreciation Plant Assets Total Assets $ 292,500 $ 261,600 s Liabilities Current Liabilities: Accounts Payable Accrued Liabilities ctiviti 25,300 $ 23.400 26,800 22.000 umb Print Done Clear All i Data Table Long-term Assets: Land 15,000 Plant Assets 40,100 120,710 (19,910) 111,310 (17,310) Accumulated Depreciation Plant Assets Total Assets $ 292,500 $ 261,600 Liabilities 25,300 $ Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities 26,800 22,000 23,400 55,000 66,000 103,700 114,800 Stockholders' Equity es Common Stock, no par Retained Earnings Total Stockholders' Equity 135,700 53,100 127,300 19,500 188,800 146,800 ctiviti Total Liabilities and Stockholders' Equity 292,500 $ 261,600 numbe Print Done Clear All Data Table Atkinson Group, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 439,000 205,600 Cost of Goods Sold Gross Profit 233,400 Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets $ 76,300 15,200 49,800 141,300 Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 92,100 11.200 (24,600) Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes (13,400) les: 78,700 16- per in Print Done 0 Data Table - Year Ended December 31, 2018 Net Sales Revenue $ 439,000 205,600 Cost of Goods Sold Gross Profit 233,400 $ Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating in come Other Income and (Expenses): Interest Revenue 76,300 15,200 49,800 141,300 92,100 11,200 (24,600) Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense (13,400) 78.700 16,300 vities: Net Income 62,400 mber in Print Done PCA-38A (similar to) Question Help The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book alue during 2018 (Click the icon to view the comparative balance sheet.) Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,600. There were no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash. Use the transaction references in Panel B when selecting the transaction references in Panel A. (If a box is not used in the spreadsheet, leave the box empty, do not select a label or enter a zero. Do not check your answer until both Panel A and Panel B have been completed.) Atkinson Group, Inc. Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Balance Transaction Analysis Balance Panel A Balance Sheet: 12/31/2017 DEBIT CREDIT 12/31/2018 Cash $ 15,600 $ 12,300 Accounts Recevable 43,500 42,300 Merchandise Inventory 93,500 97,000 Land 15,000 40,100 Plant Assets 111,310 120,710 Accumulated Depreciation Plant Assets (17,310) (19,910) $ 261,600 292,500 Total Assets Choose from any list or enter any number in the input fields and then click Check Answer. The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018 (Click the icon to view the comparative balance sheet.) Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,600. There were no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash. TUT Accounts Payable 26,800 Accrued Liabilities 22,000 66,000 25,300 23,400 55,000 Notes Payable Total Liabilities 114,800 103,700 Common Stock 127.300 19,500 135,700 53,100 Retained Earnings Total Liabilities and Stockholders' Equity $ 261,600 $ 292,500 Panel B Statement of Cash Flows: Cash Flows from Operating Activities: (a) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Choose from any list or enter any number in the input fields and then click Check Answer. X PCA-38A (similar to) Question Help The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018 (Click the icon to view the comparative balance sheet.) Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,600. There were no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash. Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: (b) (c) (e) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (0) Net Cash Used for Investing Activities Cash Flows from Financing Activities: (k) Choose from any list or enter any number in the input fields and then click Check Answer. X PCA-38A (similar to) Question Help The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at bo value during 2018 Click the icon to view the comparative balance sheet.) Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,600. There were no sales land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash. Cash Flows from Investing Activities: (h) (0) Net Cash Used for Investing Activities Cash Flows from Financing Activities: 0 (K) (1) Net Cash Used for Financing Activities (m) Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities (o) Total 5 Choose from any list or enter any number in the input fields and then click Check