Question
Cash flow to owners. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,100 for
Cash flow to owners. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,100 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). Data table The distributed earnings is $ (Round to the nearest dollar.) (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,800 Fixed costs $42,800 Selling, general, and administrative expenses $28,000 Depreciation $45,900 (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 $14,000 Accounts receivable $27,800 Accounts payable $19,000 Inventories $48,000 Long-term debt $190,000 Fixed assets $367,900 OWNERS' EQUITY Accumulated depreciation $143,500 Retained earnings Intangible assets $81,800 Common stock $131,800
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