Cash Flow Identity. Use the data from the following financial statements in the pop up window. The company paid interest expense of $17,800 for 2017 and had an overall tax rate of 40% for 2017. Verify the cash flow identity: cash flow from assets equals cash flow to creditors plus cash flow to owners.

Homework: Chapter 2 Homework Save HW Score: 60.74%, 8.5 of 14 pts Score: 0 of 1 pt 14 of 14 (9 complete) P2-14 (similar to) Question Help O Cash flow identity. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $17,800 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.) Data Table indo tity: (Click on the following icon a in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,800 $42,900 Fixed costs Selling, general, and administrative expenses $28,100 $46,200 Depreciation in order to copy its contents into a spreadsheet.) (Click on the following icon Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $16,100 Notes payable $14,200 Cash $27,800 Accounts payable Accounts receivable $19,200 $48,200 Long-term debt $190,000 Inventories Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $143,900 Retained earnings Activate Wir Print Done Data Table sta $16,100 Notes payable $14,200 Cash llar $27,800 Accounts payable $19,200 Accounts receivable $190,000 $48,200 Long-term debt Inventories $368,000 OWNERS' EQUITY Fixed assets Accumulated depreciation $143,900 Retained earnings Intangible assets $82,200 Common stock $131,800 (Click on the following icon D in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES $11,900 $25,900 Notes payable Cash $19,200 Accounts payable $23,900 Accou receivable $52,900 Long-term debt $162,100 Inventories $448,200 OWNERS' EQUITY Fixed assets Accumulated depreciation Retained earnings Intangible assets $82,200 Common stock $182,000 KA Print Done Homework: Chapter 2 Homework Save HW Score: 60.74%, 8.5 of 14 pts Score: 0 of 1 pt 14 of 14 (9 complete) P2-14 (similar to) Question Help O Cash flow identity. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $17,800 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.) Data Table indo tity: (Click on the following icon a in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,800 $42,900 Fixed costs Selling, general, and administrative expenses $28,100 $46,200 Depreciation in order to copy its contents into a spreadsheet.) (Click on the following icon Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $16,100 Notes payable $14,200 Cash $27,800 Accounts payable Accounts receivable $19,200 $48,200 Long-term debt $190,000 Inventories Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $143,900 Retained earnings Activate Wir Print Done Data Table sta $16,100 Notes payable $14,200 Cash llar $27,800 Accounts payable $19,200 Accounts receivable $190,000 $48,200 Long-term debt Inventories $368,000 OWNERS' EQUITY Fixed assets Accumulated depreciation $143,900 Retained earnings Intangible assets $82,200 Common stock $131,800 (Click on the following icon D in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES $11,900 $25,900 Notes payable Cash $19,200 Accounts payable $23,900 Accou receivable $52,900 Long-term debt $162,100 Inventories $448,200 OWNERS' EQUITY Fixed assets Accumulated depreciation Retained earnings Intangible assets $82,200 Common stock $182,000 KA Print Done