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Bandit Corporation Income Statement For the Year Ended December 31, 2019 Revenues - Part 5 Operating Expenses Depreciation Expense 6.580,000 5.391.225 Loss on Sale of

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Bandit Corporation Income Statement For the Year Ended December 31, 2019 Revenues - Part 5 Operating Expenses Depreciation Expense 6.580,000 5.391.225 Loss on Sale of Machinery 315,000 Total Expenses 40.000 Income before Taxes 5.751.225 Income Tax Expense 621,775 Net Income 310,000 Bandit Corporation Partial Balance Sheet 12/ 31/2018 12/31/2019 Cash Increase (Decreas) 672,000 980.775 308.775 Accounts Receivable 775,000 615,000 (160,000) Inventory 834,000 913,000 79.000 Machinery 1,750,000 2,067,000 317,000 Land 175,000 175,000 Accounts Payable 521,000 579,000 58,000 Bonds Payable 150,000 60,000 (90,000) Mortgage Payable Treasury Stock - Purchased 175,000 175,000 100,000 100,000 1. Machinery was purchased at a cost of $635,000 2. Machinery with a cost of $318,000 was sold for $270,000 which resulted in a loss of $48,000 3. Dividends of $150,000 were paid in 2019 4. Bonds were redeemed for cash. 5. Land was purchased by issuing to a mortgage payable to the seller. Bandit Corporation Statement of Cash Flows For the Year Ended December 31, 2019 Net cash flows from Operating Activities: (Show Work) Net cash flows from Investing Activities: (Show Work) Net cash flows from Financing Activities: (Show Work) Total Increase (Decrease) in Cash Cash Balance - 12/31/2019 Cash Balance - 12/31/2018 Increase (Decrease) Schedule of Non Cash Financing and Investing

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