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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 $18,300 for 2017
Cash flow to owners. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,300 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 borrowing from owners (change in common stock and paid-in-surplus). The distributed earnings is $ 28,700. (Round to the nearest dollar.) Net new borrowing from owners is $ (Round to the nearest dollar.) Data table Sales revenue Cost of goods sold Fixed costs 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 $16,100 Notes payable Accounts receivable $27,800 Accounts payable Inventories $48,100 Long-term debt Fixed assets $368,000 OWNERS' EQUITY $140,100 Retained earnings Accumulated depreciation Intangible assets $81,800 Common stock LOLL 41 Partial Income Statement Year Ending 2017 $350,100 $141,800 $43,000 $27,900 $46,100 $13,900 $18,900 $189,800 $132,000 I X Save 2017 and owing from Question 7 D2-12 (similar Data table ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $27,800 Accounts payable Inventories $48,100 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $140,100 Retained earnings Intangible assets $81,800 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $25,900 Notes payable Accounts receivable $19,100 Accounts payable Inventories $53,000 Long-term debt Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,200 Common stock HW Score: 19 120 19 13 of $13,900 $18,900 $189,800 $132,000 $11,900 $23,900 $162,100 $181,900 X Save 2017 and owing from
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