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Cash flow to owners. Use the data from the following financial statements in the popup window, LOADING... . The company paid interest expense of $
Cash flow to owners. Use the data from the following financial statements in the popup window, LOADING... . The company paid interest expense of $ 18 comma 700$18,700 for 20172017 and had an overall tax rate of 40 %40% for 20172017. Find the cash flow to owners for 20172017 by parts and total, with the parts being dividends paid and increases in borrowing from owners (change in common stock and paid-in-surplus).
1Data Table Partial Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation $349,900 $141,900 $42,900 $27,800 $45,900 Partial Balance Sheet 12/31/2016 LIABILITIES ASSETS Cash Accounts receivable $14,100 $18,900 $190,000 $15,900 Notes payable Fixed assets Accumulated depreciation Intangible assets $27,900 Accounts payable $48,100 Long-term debt $368,000 OWNERS' EQUITY $143,600 Retained earnings $81,900Common stock $131,900 Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $25,800 Notes payable $19.000IAccounts pava $11,900 unts receivable Print Done 1Data Table $27,800 $45,900 Selling, general, and administrative expenses Depreciation Partial Balance Sheet 12/31/2016 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets LIABILITIES $14,100 $18,900 $190,000 $15,900 Notes payable $27,900 Accounts payable $48,100 Long-term debt $368,000 OWNERS' EQUITY $143,600 Retained earnings $81,900Common stock $131,900 Partial Balance Sheet 12/31/2017 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets LIABILITIES $25,800 Notes payable $19,000 Accounts payable $53,100 Long-term debt $11,900 $23,900 $161,900 $447,800 OWNERS' EQUITY Retained earnings $81,900Common stock $181,800 Print DoneStep by Step Solution
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