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The income statement de Mar B. (Click the conto the Contoh Prepare McKnight Corporation for the year of 2024 Let the work that the botte statement leave the bodo Complete the statement recht van win the cath how long the Carum Operating Hem Tutal Cash Rece Pwym Cheden Help me solve this Etext pages Get more help OM 6 A 000 1 o RI Type here to search The income statement and additional data of McKnight Corporation follow Click the icon to view the Income Statement) Click the icon to view the ad Prepare McKnight Corporation's statement of cash flows for the year ended June 30, 2024 Use the statement leave the box emply do not seleda label or enter a zeno) Cash Flows from Operating Activities Recoil Total Cash Rects Payment Total Cash Payment Net Cash Provided by (on Operating the Help me solve this Etext pages Get more help Type here to search o 2 E 2 3 5 5 6 W E R. . S D F G cash flows for the y a label or enter a ze hat result in a decrease in cash a box is not used in the $ 226,000 109,000 117.000 McKnight Corporation Income Statement Year Ended June 30, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense 5 Depreciation Expense - Plant Assets Advertising Expense Total Operating Expenses Operating Income Other Income and (Expenses) 45,000 24.000 13,000 82,000 35,000 tivities Print Done Charles Menght Corporation's statement of cash flows for the y not leave the box empty, do not select a label or enter a ze at result in a decrease in cam 45,000 24,000 13.000 lows from Operating Activities ipts B2,000 35,000 Salaries Expense Depreciation Expense Plant Assets Advertising Expense Total Operating Expenses Operating Income Other Income and (Expenses) Dividend Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Stal Cash Receipts ents 8.500 (4.000) 4,500 39,500 8.000 $ 31,500 Net Income otal Cash Payments sh Provided by (Used for) Operating Activities Print Done Clear me solve this Etext pages Get more we ore info a. b. cash amounts C. d. e. f. Collections from customers are $14,500 more than sales Dividend revenue, interest expense, and income tax expense equal their Payments to suppliers are the sum of cost of goods sold plus advertising expense Payments to employees are $2.000 more than salaries expense Cash payment for the acquisition of plant assets is 5107 000 Cash receipts from sale of land total $25,000 Cash receipts from issuance of common stock total $33,000 Payment of long-term notes payable is 519,000 Payment of dividends is $9.500 Cash balance at June 30, 2023, was $23.000 at June 30, 2024 it was $14.500 9. h. i. Print Done pa E a To 6 7 Requirement 2. Prepare the stockhol egy ten of the Holy balance sheet and 20, 2024 when dhe Patundshes 575.000 130,304 tity Corporation 000 April 30, 2014 Stockhods' Equity Paldin Capital Pored to 900 shares and standing Common Sock 2.600 shares autoresha and standing Paid in Capes Com Total Paid in Capital Retained E Clear Check and Help me solve this Etext pages Get more help e 4 > SI 66F 4 DB o E Type here to search hun More info - X balance of $75,000 at April 30, 202 Mar. 23 Apr. 12 Issued 270 shares of $3 par value common stock for cash of $19 per share Received inventory with a market value of $28,000 and equipment with a market value of $17,000 for 310 shares of the $3 par value common stock Issued 900 shares of 6%, 550 par value preferred stock for $50 per share Apr. 17 Print Done Read the relements Requirement 1. Record the transactions in the general journal (Record debits in the credits Select the coplanation on the lastne of the journal entry table Mar 23 houed 270 shares of 33 par value common shock for cash of 519 per share Date Accounts and Explanation Deba Credit Mar. 23 Cash 5.130 Common Stock-5) Par Value 810 Paiden Cuptat in excess of Par-Common 4320 sed on stock for cash Apr 12 Received inventory with a market value of 528 000 and equipment with a market value of $17,000 for 310 hores of the $3 par value common stock Date Accounts and Explanation Debit Credit Apr 12 Inventory 28.000 Eament 17 000 Como Stod-53 Par Value 930 Caaral Chec Fee Get more hein (Click the icon to view the transactions Read the Debit Credit 28.000 17 000 930 4070 Date Accounts and Explanation Apr 12 Inventy Equipment Canon Stock 53 Par Value Paid-In Capital Baso Per-Common se montok for inventory and equpment Apr 17 Issued 900 sharm of $50 per value preferred stock for 350 per share Date Account and Explanation Apr 17 Cash Preferred 55 Par Value Credit Deba 45.000 15 000 Recuirement 2. Prenare the stockholder section of the Holy balance sheet as of Art 30 2024 ore astons can in this we Retained Emsal 375.000 trt 2004 Cleara Check