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b c JUST PUT ANSWER ASAP PLEASE For the Year Ended December 31, 2016 $6,583,000 Sales revenue Operating expenses, excluding depreciation Depreciation expense Income before
b
c
JUST PUT ANSWER ASAP PLEASE
For the Year Ended December 31, 2016 $6,583,000 Sales revenue Operating expenses, excluding depreciation Depreciation expense Income before income taxes Income tax expense Net income $4,920,000 5,800,000 783,000 353,000 $430,000 880,000 Included in operating expenses is a $21156 loss resulting from the sale of machinery for $298338 cash. Machinery was purchased at a cost of $765868. The following balances are reported on Kosinski's comparative balance sheet at December 31 2016 2015 Accounts receivable 799955 832597 545701 642677 884589 521603 Inventory Accounts payable Income tax expense of $353,000 represents the amount paid in 2016 Dividends declared and paid in 2016 totaled $197550. There were no new borrowings but $186473 of existing debt was paid off. No stock transactions were recorded in 2016 Instructions: Calculate the cash flow from financing. Answer in whole dollars and use a negative sign "" for cash outflows
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