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Can you please help me solve this problem? the last two times I have submitted this question, it has been wrong Laiho Industries's 2020 and
Can you please help me solve this problem? the last two times I have submitted this question, it has been wrong
Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown.
Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) | ||||||
2021 | 2020 | |||||
Cash | $ | 104,458 | $ | 87,950 | ||
Accounts receivable | 104,876 | 87,325 | ||||
Inventories | 37,441 | 34,247 | ||||
Total current assets | $ | 246,775 | $ | 209,522 | ||
Net fixed assets | 67,702 | 42,669 | ||||
Total assets | $ | 314,477 | $ | 252,191 | ||
Accounts payable | $ | 32,246 | $ | 24,060 | ||
Accruals | 33,220 | 24,455 | ||||
Notes payable | 17,308 | 14,318 | ||||
Total current liabilities | $ | 82,774 | $ | 62,833 | ||
Long-term debt | 80,132 | 65,832 | ||||
Total liabilities | $ | 162,906 | $ | 128,665 | ||
Common stock | 95,500 | 88,000 | ||||
Retained earnings | 56,071 | 35,526 | ||||
Total common equity | $ | 151,571 | $ | 123,526 | ||
Total liabilities and equity | $ | 314,477 | $ | 252,191 |
hello, THIS IS THE QUESTION I NEED ANSWERED
Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year.
Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) | |||||||||
Common Stock | Retained Earnings | Total Stockholders' Equity | |||||||
Balances, December 31, 2020 | $ fill in the blank 13 | $ fill in the blank 14 | $ fill in the blank 15 | ||||||
Common stock issue | fill in the blank 16 | fill in the blank 17 | |||||||
2021 Net income | fill in the blank 18 | ||||||||
Cash dividends | fill in the blank 19 | ||||||||
Addition to retained earnings | fill in the blank 20 | ||||||||
Balances, December 31, 2021 | $ fill in the blank 21 | $ fill in the blank 22 | $ fill in the blank 23 |
Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) | |
2021 | |
Operating Activities | |
Net income | $ fill in the blank 24 |
Depreciation and amortization | fill in the blank 25 |
Increase in accounts payable | fill in the blank 26 |
Increase in accruals | fill in the blank 27 |
Increase in accounts receivable | fill in the blank 28 |
Increase in inventories | fill in the blank 29 |
Net cash provided by operating activities | $ fill in the blank 30 |
Investing Activities | |
Additions to property, plant, and equipment | $ fill in the blank 31 |
Net cash used in investing activities | $ fill in the blank 32 |
Financing Activities | |
Increase in notes payable | $ fill in the blank 33 |
Increase in long-term debt | fill in the blank 34 |
Increase in common stock | fill in the blank 35 |
Payment of common dividends | fill in the blank 36 |
Net cash provided by financing activities | $ fill in the blank 37 |
Summary | |
Net increase/decrease in cash | $ fill in the blank 38 |
Cash at the beginning of the year | fill in the blank 39 |
Cash at the end of the year | $ fill in the blank 40 |
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