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. Cash flow identity. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,700 for
. Cash flow identity. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,700 for 2017 and had an overall tax rate of 40% for 2017. Verify the cash flow identity: cash flow from assets = cash flow to creditors + cash flow to owners The cash flow from assets is $ (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $142,000 Fixed costs $42,800 Selling, general, and administrative expenses $28,200 $46,100 Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash LIABILITIES $15,800 Notes payable $14,200 Accounts receivable $28,100 Accounts payable $18,800 Inventories $48,100 Long-term debt $190,200 Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation $143,600 Retained earnings Intangible assets $81,800 Common stock $131,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS Cash LIABILITIES $26,100 Notes payable $11,900 Accounts receivable $18,800 Accounts payable $24,000 Inventories $53,200 Long-term debt $162,100 Fixed assets $447,900 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $81,800 Common stock $182,000
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