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Can you show the steps, not just the answers Selected financial statement information and additional data for Johnston Enterprises is presented below. Balance Sheet Data

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Can you show the steps, not just the answers

Selected financial statement information and additional data for Johnston Enterprises is presented below. Balance Sheet Data Cash Accounts Receivable Less: Allowance for Bad Debts Inventory Property, plant, and Equipment Less: Accumulated Depreciation Total Assets December 31, 2013 $119,000 320,000 (14,000) 340,000 1,122,000 (442,000) $1,445,000 December 31, 2014 $143,000 240,000 (12,000) 391,000 1,261,000 (476,000) $1,547.000 Accounts Payable (merchandise suppliers) Salaries Payable Income Taxes Payable Bank Loan Common Stock Retained Earnings Total Liabilities & Stockholders' Equity $102,000 68,000 77,000 391,000 467,000 340,000 $1,445,000 $187,000 51,000 85,000 350,000 510,000 364,000 $1,547,000 Income Statement Data for Calendar Year 2014 1,615,000 (781,000) 834,000 Sales Revenue Cost of Goods Sold Gross Profit Expenses: Depreciation Expense Salaries Expense Bad Debt Expense Interest Expense Loss on Sale of Equipment Income Before Taxes Income Tax Expense Net Income (153,000) (380,000) (11,000) (34,000) (12.000) 244,000 198,000) $146,000 Additional Information: During the calendar year 2014 Johnston purchased new equipment at a cost of $272,000. (f) Net Cash from the Above i.e. (a) through (e) (g) 2014 Cash Flow from Operations (h) Cash from Sale of PPE in 2014

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