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Cash flow to owners. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,000 for 2017
Cash flow to owners. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow to owners for 2017 by parts and total, with the parts being dividends paid and increases in borrowing from owners (change in common stock and paid-in-surplus). The distributed earnings is $ . (Round to the nearest dollar.) rarua come Jalement Tea Lung zu Sales revenue Cost of goods sold Fixed costs $350,000 $140,000 $43,000 $28,000 $46,000 Selling, general, and administrative expenses Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,000 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $142,000 Retained earnings Intangible assets $82,000 Common stock $14,000 $19,000 $190,000 $130,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $19,000 Accounts payable Inventories $53,000 Long-term debt Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,000 Common stock $12,000 $24,000 $162,000 $180,000
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