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Can someone please help me with this? Thank you! Press Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view

Can someone please help me with this? Thank you!image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Press Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) 9: (Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Prepare the company's statement of cash flowsindirect methodfor the year ended December 31, 2018. Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Data Table Press Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 133000 Net Sales Revenue $ Press Exercise Equipment, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Salaries Payable 712,000 344,000 50000 368,000 -1000 Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense Other Operating Expenses Total Operating Expenses $ 4000 8000 50,000 185,000 -5500 235,000 $ Net Income 133,000 55500 188500 Print Done Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Investments -2500 Choose from any list or enter any number in the input fields and then continue to the next question. ? Press Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Prepare the company's statement of cash flowsindirect methodfor the year ended December 31, 2018. Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Decrease in Salaries Payable -5500 55500 188500 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Investments -2500 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 14000 19000 Cash Balance, December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next question. ? Data Table Press Exercise Equipment, Inc. reported the following financial statements (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) A (Click the icon to view additional information.) -indirect methodfor the year ended December 31, 2018. Assume inus sign or parentheses for amounts that result in a decrease in cash. If Kempty, do not select a label or enter a zero.) Press Exercise Equipment, Inc. Comparative Balance Sheet Decrease in Salaries Payable December 31, 2018 and 2017 2018 2017 Assets Current Assets: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Investments Cash $ 19,000 $ 14,000 Accounts Receivable 49,000 50,000 87,000 Merchandise Inventory 91,000 Long-term Assets: Plant Assets 274,300 220,800 Accumulated Depreciation Plant Assets (47,300) 99,000 (37,800) 74,000 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Investments 482,000 $ Total Assets 411,000 Liabilities Current Liabilities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Accounts Payable Salaries Payable Long-term Liabilities: 80,000 $ 2,500 72,000 8,000 Cash Balance, December 31, 2017 Notes Payable 63,000 72,000 Cash Balance, December 31, 2018 Choose from any list or enter any number in the input fields and then Print Done ? Data Table Press Exercise Equipment, Inc. reported the following financial statements (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) A (Click the icon to view additional information.) -indirect methodfor the year ended December 31, 2018. Assume inus sign or parentheses for amounts that result in a decrease in cash. If Kempty, do not select a label or enter a zero.) Cash $ 19,000 $ 14,000 Accounts Receivable 50,000 Decrease in Salaries Payable 49,000 91,000 87,000 Merchandise Inventory Long-term Assets: Plant Assets Accumulated Depreciation Plant Assets 274,300 220,800 (47,300) 99,000 (37,800) 74,000 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Investments Investments $ 482,000 $ Total Assets 411,000 Liabilities $ 80,000 $ 72,000 Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: 2,500 8,000 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock 63,000 72,000 Notes Payable Total Liabilities 145,500 152,000 Stockholders' Equity Common Stock, no par 47,000 289,500 37,000 222,000 Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Retained Earnings Total Stockholders' Equity 336,500 259,000 Cash Balance, December 31, 2017 $ 482,000 $ 411,000 Total Liabilities and Stockholders' Equity Cash Balance, December 31, 2018 Choose from any list or enter any number in the input fields and then Print Done ? Press Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) 9: (Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Prepare the company's statement of cash flowsindirect methodfor the year ended December 31, 2018. Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Data Table Press Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 133000 Net Sales Revenue $ Press Exercise Equipment, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Salaries Payable 712,000 344,000 50000 368,000 -1000 Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense Other Operating Expenses Total Operating Expenses $ 4000 8000 50,000 185,000 -5500 235,000 $ Net Income 133,000 55500 188500 Print Done Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Investments -2500 Choose from any list or enter any number in the input fields and then continue to the next question. ? Press Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Prepare the company's statement of cash flowsindirect methodfor the year ended December 31, 2018. Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Decrease in Salaries Payable -5500 55500 188500 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Investments -2500 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 14000 19000 Cash Balance, December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next question. ? Data Table Press Exercise Equipment, Inc. reported the following financial statements (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) A (Click the icon to view additional information.) -indirect methodfor the year ended December 31, 2018. Assume inus sign or parentheses for amounts that result in a decrease in cash. If Kempty, do not select a label or enter a zero.) Press Exercise Equipment, Inc. Comparative Balance Sheet Decrease in Salaries Payable December 31, 2018 and 2017 2018 2017 Assets Current Assets: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Investments Cash $ 19,000 $ 14,000 Accounts Receivable 49,000 50,000 87,000 Merchandise Inventory 91,000 Long-term Assets: Plant Assets 274,300 220,800 Accumulated Depreciation Plant Assets (47,300) 99,000 (37,800) 74,000 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Investments 482,000 $ Total Assets 411,000 Liabilities Current Liabilities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Accounts Payable Salaries Payable Long-term Liabilities: 80,000 $ 2,500 72,000 8,000 Cash Balance, December 31, 2017 Notes Payable 63,000 72,000 Cash Balance, December 31, 2018 Choose from any list or enter any number in the input fields and then Print Done ? Data Table Press Exercise Equipment, Inc. reported the following financial statements (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) A (Click the icon to view additional information.) -indirect methodfor the year ended December 31, 2018. Assume inus sign or parentheses for amounts that result in a decrease in cash. If Kempty, do not select a label or enter a zero.) Cash $ 19,000 $ 14,000 Accounts Receivable 50,000 Decrease in Salaries Payable 49,000 91,000 87,000 Merchandise Inventory Long-term Assets: Plant Assets Accumulated Depreciation Plant Assets 274,300 220,800 (47,300) 99,000 (37,800) 74,000 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Investments Investments $ 482,000 $ Total Assets 411,000 Liabilities $ 80,000 $ 72,000 Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: 2,500 8,000 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock 63,000 72,000 Notes Payable Total Liabilities 145,500 152,000 Stockholders' Equity Common Stock, no par 47,000 289,500 37,000 222,000 Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Retained Earnings Total Stockholders' Equity 336,500 259,000 Cash Balance, December 31, 2017 $ 482,000 $ 411,000 Total Liabilities and Stockholders' Equity Cash Balance, December 31, 2018 Choose from any list or enter any number in the input fields and then Print Done

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