Question
ASAPPPP!!! ASSETS 2018 2019 Cash 150,000 180,000 Account Receivables 140,000 160,000 Note Receivables 250,000 330,000 Merchandise Inventory 450,000 500,000 Prepaid Insurance Expense 86,000 66,000 TOTAL
ASAPPPP!!!
ASSETS | 2018 | 2019 |
Cash | 150,000 | 180,000 |
Account Receivables | 140,000 | 160,000 |
Note Receivables | 250,000 | 330,000 |
Merchandise Inventory | 450,000 | 500,000 |
Prepaid Insurance Expense | 86,000 | 66,000 |
TOTAL CURRENT ASSETS | 1,076,000 | 1,236,000 |
Land | 1,500,000 | 1,580,000 |
Land Improvements | 280,000 | 450,000 |
Building | 980,000 | 1,050,000 |
Furniture and Fixture | 440,000 | 500,000 |
Accumulated Depreciation | -120,000 | -150,000 |
Rights | 1,200,000 | 1,300,000 |
Accumulated Amortization | -240,000 | -580,000 |
TOTAL NON-CURRENT ASSETS | 4,040,000 | 4,150,000 |
TOTAL ASSETS | 5,116,000 | 5,386,000 |
LIABILITIES&EQUITY | ||
Account Payables | 330,000 | 330,000 |
Note Payables | 400,000 | 430,000 |
Unearned Rent Revenue | 180,000 | 140,000 |
TOTAL CURRENT LIABILITIES | 910,000 | 900,000 |
Bank Credits | 1,000,000 | 1,100,000 |
Note Payables | 410,000 | 450,000 |
TOTAL NON-CURRENT LIABILITIES | 1,410,000 | 1,550,000 |
Common Stock | 1,200,000 | 1,300,000 |
Additional Paid in Capital | 1,650,000 | 1,650,000 |
Retained Earnings | 300,000 | 366,000 |
Treasury Stock | -354,000 | -380,000 |
TOTAL EQUITY | 2,796,000 | 2,936,000 |
TOTAL LIABILITIES&EQUITY | 5,116,000 | 5,386,000 |
ADDITIONAL INFORMATION: | 2018 | 2019 |
Outstanding Shares | 1,100,000 | 1,200,000 |
Depreciation Expenses | 99,000 | 133,000 |
Amortization Expense | 240,000 | 250,000 |
2019 | |
Sales | 33,500,000 |
Sales Retun&Allowances | -320,000 |
Sales Discount | -880,000 |
Net Sales | 32,300,000 |
COGS | -22,000,000 |
Gross P/L | 10,300,000 |
Other Income(losses) | 150,000 |
Operating Expenses | -5,800,000 |
Operating P/L -EBIT | 4,650,000 |
Interest Expense | -620,000 |
Tax Expense | -1,612,000 |
Net P/L | 2,418,000 |
PREPARE THE CASH FLOW STATEMENT.
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