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Accounts Payable Accrued Liabilities Long-term Notes Payable Total Liabilities 9,400 5,700 70,900 $86,000 13,400 1,700 79,900 $95,000 $(4,000) 4,000 (9,000) $(9,000) Common Stock Retained Earnings
Accounts Payable Accrued Liabilities Long-term Notes Payable Total Liabilities 9,400 5,700 70,900 $86,000 13,400 1,700 79,900 $95,000 $(4,000) 4,000 (9,000) $(9,000) Common Stock Retained Earnings Treasury Stock Total Stockholders' Equity $55,000 115,000 (12,000) $158,000 $3,000 78,000 (6,000) $75,000 $52,000 37,000 (6,000) $83,000 Total Liabilities and Stockholders' Equity $244,000 $170,000 $74,000 Gilmore Company uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2018: Gilmore Company Comparative Balance Sheet December 31, 2018 and 2017 Cash Accounts Receivable Merchandise Inventory PP&E, net Total Assets 2018 $34,900 28,500 54,600 126.000 $244,000 2017 $20,500 29,900 27,600 92.000 $170,000 Increase (Decrease) $14,400 (1,400) 27,000 34,000 $74,000 $291,100 1,200 6,000 $298,300 144,900 Sales Revenue Interest Revenue Gain on Sale of Plant Assets Total Revenues and Gains Cost of Goods Sold Salaries and Wages Expense Depreciation ExpensePlant Assets Other Operating Expense Interest Expense Income Tax Expense Total Expenses Net Income 49,200 16,000 24,900 3,500 7,800 246.300 $52,000 llen the diront mothod to commuto the not onch nrovided hw onoratina antivities Anoruodlibilitine rolato to other onoratina avnanco O A. $52,400 O B. $(52,400) OC. $(36,400) OD. $36,400 Use the direct method, to compute the net cash provided by operating activities. (Accrued Liabilities relate to other operating expense.) O A. $52,400 O B. $(52,400) OC. $(36,400) OD. $36,400
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