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answer the following questions properly and in details . 3.30 Preparing a Statement of Cash Flows from Ealance Sheets and Income Statements. Irs flectronict inc,
answer the following questions properly and in details
. 3.30 Preparing a Statement of Cash Flows from Ealance Sheets and Income Statements. Irs flectronict inc, manufactures purth, componerti, and proceving Year 7 thoogh Year 8 , und fahibe 131 presents income natements for Stear of and Year 9. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Exhibit 3,30} \\ \hline \multicolumn{4}{|c|}{ Bre electronics Inc, Balance Shets (amounts in thousands) (Problem 3.30) } \\ \hline December 31: & Year 9 & Vear 8 & Year? \\ \hline \multicolumn{4}{|l|}{ ASSETS } \\ \hline Cash & 5 is? & 5. ats & 5430 \\ \hline Accounts recelvable & 2545 & 3936 & 3.765 \\ \hline invemories & 2,094 & 2,966 & 2334 \\ \hline Prepayments & m & 270 & 116 \\ \hline Total current assets & 55,128 & 5.7 .647 & $6,648 \\ \hline Property, plunt, and equipment, net & 4,027 & 4,598 & 3.806 \\ \hline Other assets: & 456 & 559 & 193 \\ \hline Tecal Asiet: & $9.611 & $12804 & $10,647 \\ \hline \multicolumn{4}{|l|}{ LUABIUTIES ANO SHAREHOLDERS EQUITY } \\ \hline Accounts parable: & & 5log & 51,578 \\ \hline Notes payable to barks & 2.413 & 231 & 11 \\ \hline Other currem liabilities & 695 & m & 1,076 \\ \hline Total current liabilities & 52804 & 5.1,817 & 52,665 \\ \hline teng-eerm dett & 204 & 4,692 & 2353 \\ \hline Deferned income taves & 113 & 89 & 126 \\ \hline Total Liabilities & 56.101 & 5.6 .598 & 55,144 \\ \hline Prefened stock & 5289 & 5289 & 3 \\ \hline Common stock & 85 & Bs & 83 \\ \hline Additiondi paid-in capital & 4395 & 4.392 & 43as \\ \hline Retained earnings & (0,250) & 1,440 & 1.035 \\ \hline Total Shareholders' Equiliy & $3.510 & $6.206 & 55,503 \\ \hline Total Liabilinies and Sharehoiders' Equity & 59611 & $12.804 & 510.647 \\ \hline \end{tabular} Exhibit 3,31 193 \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Exhibit 3,31} \\ \hline \multicolumn{3}{|c|}{ BrB Electronies Inc. Income statements fameunts in thousands) (Problems 3.30 ) } \\ \hline Vear Ended December 31r. & Vear 9 & Mear 8 \\ \hline Saies & 511,960 & 522,833 \\ \hline Cost of goodi iold & (11.031) & [16.510 \\ \hline Selling and administrative expeches & (3) 496 & (4,849) \\ \hline interent expense & (452) & {[459]} \\ \hline Income tax expense & 32n & (ssa) \\ \hline Net income & $.0.691) & 5417 \\ \hline Dividends on preferred stock. & (8) & (12) \\ \hline Net income Avallable to Common & 5(2.699) & 5405 \\ \hline \end{tabular} Ainc Conovan tel REQUIRED lhese yean. (3) Chunges in Defered income Tases at opesaing activeles. b. Dooss the relations anong net incoese and canh Sow fom operationa und the patien of canh flown. from opmating, imverting und finuneing axtibiet Step by Step Solution
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