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answer with explanation please uestion 4 December 31, 2018 44,000 26,000 30,000 76,000 176,000 December 31, 2017 18,000 29,000 36,000 72,000 155,000 Cash Accounts Receivable
answer with explanation please
uestion 4 December 31, 2018 44,000 26,000 30,000 76,000 176,000 December 31, 2017 18,000 29,000 36,000 72,000 155,000 Cash Accounts Receivable Inventory Property Plant Equipment (net) 25,000 800 38,000 80,000 32,200 176,000 22,000 1,000 48,000 60,000 24,000 155,000 Accounts Payable Wages Payable Bonds Payable Common Stock Retained Earnings 2018 Sales Cost of Goods Sold Depreciation Wage Expense Other Expense Tax Expense Net Income 100,000 (61,000) (6,000) (10,000) (8,000) (3,000) 12,000 Additional information during 2018 a. Bought fixed assets for cash, $10,000 b. $10,000 of bonds were retired with a cash payment C. Issued common stock for $20,000 cash d. Declared and paid a $3,800 cash dividend e. "Other expense" was paid all in cash Prepare a reconciliation of net income to net cash flows from operating activities for 2018. (15 points)
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