Assignment

1. Determine the amount of dividends paid in 2022 and the 2022 depreciation expense. (Hints: use the Stmt of Retained Earnings to solve for dividends; find the difference in Accumulated Depreciation to solve for 2022 depreciation)

2. Prepare Scan Technologies, Inc. 2022 Statement of Cash Flows. (Hint: the Net Change in Cash should equal the difference in cash from 2021 to 2022 on the balance sheets. Note that cash decreased)

3. Analyze and highlight three conclusions based on the statement you prepared. In other words, what can you determine about this companys financial position, growth, risk, etc.?

Assignment 1. Determine the amount of dividends paid in 2022 and the 2022 depreciation expense. (Hints: use the Stmt of Retained Earnings to solve for dividends; find the difference in Accumulated Depreciation to solve for 2022 depreciation) 2. Prepare Scan Technologies, Inc. 2022 Statement of Cash Flows. (Hint: the Net Change in Cash should equal the difference in cash from 2021 to 2022 on the balance sheets. Note that cash decreased) 3. Analyze and highlight three conclusions based on the statement you prepared. In other words, what can you determine about this company's financial position, growth, risk, etc.? Scan Technologies, Inc. Comparative Balance Sheets (in thousands of dollars) Scan Technologies, Inc. 2022 Income Statement \begin{tabular}{lr} Net Sales & 1,300 \\ Cost of Goods Sold & 1,050 \\ Gross Profit Margin & 250 \\ Total Expenses & 204 \\ \cline { 2 - 2 } Earnings before interest \& Taxes & 46 \\ Interest & -8 \\ \cline { 2 - 2 } Earnings before tax & 38 \\ Taxes & -19 \\ Earnings after tax (NI) & 19 \\ \cline { 2 - 2 } \end{tabular} Assignment 1. Determine the amount of dividends paid in 2022 and the 2022 depreciation expense. (Hints: use the Stmt of Retained Earnings to solve for dividends; find the difference in Accumulated Depreciation to solve for 2022 depreciation) 2. Prepare Scan Technologies, Inc. 2022 Statement of Cash Flows. (Hint: the Net Change in Cash should equal the difference in cash from 2021 to 2022 on the balance sheets. Note that cash decreased) 3. Analyze and highlight three conclusions based on the statement you prepared. In other words, what can you determine about this company's financial position, growth, risk, etc.? Scan Technologies, Inc. Comparative Balance Sheets (in thousands of dollars) Scan Technologies, Inc. 2022 Income Statement \begin{tabular}{lr} Net Sales & 1,300 \\ Cost of Goods Sold & 1,050 \\ Gross Profit Margin & 250 \\ Total Expenses & 204 \\ \cline { 2 - 2 } Earnings before interest \& Taxes & 46 \\ Interest & -8 \\ \cline { 2 - 2 } Earnings before tax & 38 \\ Taxes & -19 \\ Earnings after tax (NI) & 19 \\ \cline { 2 - 2 } \end{tabular}