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Accounts Common Cost of Loss on sale Cash A/R, net Inventory Revenue Goods of Payable Stock Sold Investments 140,000 30,000 50,000 50,000 200,000 600,000 |
Accounts Common Cost of Loss on sale Cash A/R, net Inventory Revenue Goods of Payable Stock Sold Investments 140,000 30,000 50,000 50,000 200,000 600,000 | 400,000 (25,000) 5. Below are the balance sheets and income statement for Kinder Care Company. Please prepare the statement of cash flows for 2018 on both the indirect and direct bases. Kinder Care Company Balance Sheet Change Cash December 31 2018 See below See below See below Accounts receivable (net) Inventory Long-term investments Property, plant & equipment Accumulated depreciation 2017 111,200 20,300 26,000 30,000 150,000 (25,000) 270,000 (70,000) (30,000) 120,000 (45,000) Accounts payable See below 35,500 3,000 30,000 70,000 20,000 Accrued liabilities Long-term notes payable Common stock Retained earnings See below 27,000 50,000 145,000 55,000 312.500 Calculate $ see below See below Sales Revenue................. Cost of goods sold........................... Gross margin.......... Operating expenses.......... 100.000 Pre-tax operating income Loss on sale of investments (see below) Pre-tax income Tax tax rate 20% Net income... Additional data: 1. Purchased machinery issuing a $20,000 note and paying remainder in cash. 2. Dividends were declared and paid 3. Allowance for doubtful accounts balance of $1,000 was included in accounts receivable each year
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