ASSIGNMENT RESOURCES CH 17: Pre-Class Homework Assignment 2 (Part Level Submission) Exercise 17-08 (Part Level Submission) Problem 17-05A Problem 17-07A (Video) (Part Level Submission) Problem 17.09A 2019 Problem 17-09A Condensed financial data of Cheng Inc. follow. CHENG INC. Comparative Balance Sheets December 31 Assets 2020 Cash $104,300 Accounts receivable 92,100 Inventory 111,500 Prepaid expenses 29,500 Investments 139,500 Equipment 264,100 Accumulated depreciation equipment (46,800) Total $694,200 Review Score Review Results by Study Objective $48,600 33,700 102,000 25,200 113,100 241,000 (52,300) $511,300 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $111,700 16,100 113,100 219,500 233,800 $694,200 $67,800 17,000 149,900 174,200 102,400 $511,300 CHENG INC. CALCULATOR PRINTER VERSION $391,900 CHENG INC. Income Statement For the Year Ended December 31, 2020 Sales revenue Less: Cost of goods sold $134,000 Operating expenses, excluding depreciation 12,700 Depreciation expense 30,300 Income tax expense 26,300 Interest expense 4,500 Loss on disposal of plant assets 7,500 Net Income 215,300 $176,600 Additional information 1. New equipment costing $79,300 was purchased for cash during the year. 2. Old equipment having an original cost of $56,200 was sold for $12,900 cash. 3. Bonds matured and were paid off at face value for cash 4. A cash dividend of $45,200 was declared and paid during the year. Prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either a sign .g. - 15,000 or in parenthesis e.g. (15,000).) CHENG INC. Statement of Cash Flows 2000-2020 in Wiley Anne In All Din Dar A CALCULATOR PRINTER VERSION ES Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign .g. - 15,000 or in parenthesis e.g. (15,000).) CHENG INC. Statement of Cash Flows Adjustments to reconcile net income to Assignmens ASSIGNMENT RESOURCES CH 17: Pre-Class Homework Assignment 2 (Part Level Submission) Exercise 17-08 (Part Level Submission) Problem 17-05A Problem 17-07A (Video) (Part Level Submission) Problem 17-09A Zeview Score Ceview Results by Study bjective Assignment > Open Assignment ASSIGNMENT RESOURCES CH 17: Pre-Class Homework Assignment 2 (Part Level Submission) Exercise 17-08 (Part Level Submission) Problem 17-05A Problem 17-07A (Video) (Part Level Submission) Problem 17-09A - Review Score Review Results by Study Objective Click if you would like to Show Work for this question: Open Show Work VE
