Allen Group, Inc Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets Cash 12.800 $ 42,400 96.900 15,300 43,800 93,300 Accounts Receivable Merchandise Inventory Long term Assets Land Allen Group, Inc. Income Statement Year Ended December 31, 2018 Not Sales Revenue $430,000 205,500 Cont of Goods Sold Gross Profit 233,500 Operating Expenses: Salaries Expense 5 76.900 Depreciation Expense --Plant Assets 15,000 Other Operating Expenses 49.600 142.400 Total Operating Expenses Operating Income 91,100 Other Income and (Expenses); Interest Revenue 11,500 Interest Expense 124.100) Total Other Income and (Expenses) (12.800) 18.000 Plant Assets 43,500 121.130 (20,230) 296,500 $ 112,430 (17.930) Accumulated Depreciation-Plant Assets $ Total Assets 264,900 Liabilities Current Liabilities: MER Print Done Print Done We on Cows rom operating activities by the indirect method. A plant asset was disp no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash. Allen 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 $ $ 12,800 15,300 43,800 42.400 Accounts Receivable Merchandise Inventory Land 96.900 93,300 18,000 112.430 (17,930) 43,500 Plant Assets Accumulated Depreciation - Plant Assets 121,130 (20.230) Total Assets $ 264,900 S 296,500 26,600 25,400 Accounts Payable Accrued Liabilities Notes Payable Total Liabilities 22,500 66,000 24,000 56,000 115,100 105,400 Common Stock Retained Earnings 129,800 20,000 138,300 52,800 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Type here to search 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 no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash 264,900 $ Total Liabilities and Stockholders' Equity 296,500 Panel -Statement of Cash Flows: Cash Flows from Operating Activities: (a) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: (b) (c) (d) (e) (0) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (h) Net Cash Used for Investing Activities Cash Flows from Financing Activities: 0) (k) 0 Choose from any list or enter any number in the input fields and then click Check Answer. all parts showing Clear All (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 dispo no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash. (b) (c) (d) (6) (1) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (h) Net Cash Used for investing Activities Cash Flows from Financing Activities: 0 (k) (0) Net Cash Used for Financing Activities (m) Non-cash Investing and Financing Activities: (9) Total Non-cash Investing and Financing Activities Total (9) Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clor All Allen Group, Inc Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets Cash 12.800 $ 42,400 96.900 15,300 43,800 93,300 Accounts Receivable Merchandise Inventory Long term Assets Land Allen Group, Inc. Income Statement Year Ended December 31, 2018 Not Sales Revenue $430,000 205,500 Cont of Goods Sold Gross Profit 233,500 Operating Expenses: Salaries Expense 5 76.900 Depreciation Expense --Plant Assets 15,000 Other Operating Expenses 49.600 142.400 Total Operating Expenses Operating Income 91,100 Other Income and (Expenses); Interest Revenue 11,500 Interest Expense 124.100) Total Other Income and (Expenses) (12.800) 18.000 Plant Assets 43,500 121.130 (20,230) 296,500 $ 112,430 (17.930) Accumulated Depreciation-Plant Assets $ Total Assets 264,900 Liabilities Current Liabilities: MER Print Done Print Done We on Cows rom operating activities by the indirect method. A plant asset was disp no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash. Allen 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 $ $ 12,800 15,300 43,800 42.400 Accounts Receivable Merchandise Inventory Land 96.900 93,300 18,000 112.430 (17,930) 43,500 Plant Assets Accumulated Depreciation - Plant Assets 121,130 (20.230) Total Assets $ 264,900 S 296,500 26,600 25,400 Accounts Payable Accrued Liabilities Notes Payable Total Liabilities 22,500 66,000 24,000 56,000 115,100 105,400 Common Stock Retained Earnings 129,800 20,000 138,300 52,800 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Type here to search 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 no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash 264,900 $ Total Liabilities and Stockholders' Equity 296,500 Panel -Statement of Cash Flows: Cash Flows from Operating Activities: (a) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: (b) (c) (d) (e) (0) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (h) Net Cash Used for Investing Activities Cash Flows from Financing Activities: 0) (k) 0 Choose from any list or enter any number in the input fields and then click Check Answer. all parts showing Clear All (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 dispo no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash. (b) (c) (d) (6) (1) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (h) Net Cash Used for investing Activities Cash Flows from Financing Activities: 0 (k) (0) Net Cash Used for Financing Activities (m) Non-cash Investing and Financing Activities: (9) Total Non-cash Investing and Financing Activities Total (9) Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clor All