Check my work 1 The following Year 5 consolidated cash flow statement was prepared for Standard Manufacturing Corp. and its 60%-owned subsidiary. Pritchard Windows Inc.: 10 points Skipped eBook $ 205,000 STANDARD MANUFACTURING CORP. CONSOLIDATED CASH FLOW STATEMENT for the Year Ended December 31, Year 5 Cash flows from operating activities: $ 129,800 Consolidated net income Non-cash items included in income: Depreciation 45,200 Goodwill impairment loss 1,000 Bond premium amortization (2,000) Loss on sale of equipment 23,000 Decrease in inventory 20,000 Increase in accounts receivable (12, 000) Net cash provided by operating activities Cash flows from investing activities: Purchase of buildings (150,000) Sale of equipment 60,000 Net cash used in investing activities Cash flows from financing activities: Dividends paid To Standard's shareholders (50,000) To non-controlling shareholders (6,000) Bond issue 100,000 Preferred share redemption (120,000) Net cash used in financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Print (90,000) References (76,000) 39,000 50,000 $ 89,000 *Consolidated net income was $120,000 attributable to Standard's shareholders and $9.800 attributable to non-controlling interests. Required: (a) Not available in Connect. (b) Not available in Connect. irl Natermine the nat income of Dritchard Window for Year 5 Accuma nn intercomnanu trancartionc ar linealizar nrnfite and that the Check my work 1 20,000 (12,000) $ 205,000 (150,000) 60,000 10 points (90,000) Decrease in inventory Increase in accounts receivable Net cash provided by operating activities Cash flows from investing activities: Purchase of buildings Sale of equipment Net cash used in investing activities Cash flows from financing activities: Dividends paid To Standard's shareholders To non-controlling shareholders Bond issue Preferred share redemption Net cash used in financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Skipped (50,000) (6,000) 100,000 (120,000) eBook (76,000) 39,800 50,000 $ 89,000 Print *Consolidated net income was $120,000 attributable to standard's shareholders and $9,800 attributable to non-controlling interests. References Required: (a) Not available in Connect. (b) Not available in Connect. (c) Determine the net income of Pritchard Windows for Year 5. (Assume no intercompany transactions or unrealized profits and that the only change in the undepleted acquisition differential during the year was the goodwill impairment loss.) (Omit $ sign in your response.) Net income $ (d) Not available in Connect. (e) Determine the amount of dividends paid by Pritchard Windows In Year 5. (Omit $ sign in your response.) Amount of dividends $ Check my work 1 The following Year 5 consolidated cash flow statement was prepared for Standard Manufacturing Corp. and its 60%-owned subsidiary. Pritchard Windows Inc.: 10 points Skipped eBook $ 205,000 STANDARD MANUFACTURING CORP. CONSOLIDATED CASH FLOW STATEMENT for the Year Ended December 31, Year 5 Cash flows from operating activities: $ 129,800 Consolidated net income Non-cash items included in income: Depreciation 45,200 Goodwill impairment loss 1,000 Bond premium amortization (2,000) Loss on sale of equipment 23,000 Decrease in inventory 20,000 Increase in accounts receivable (12, 000) Net cash provided by operating activities Cash flows from investing activities: Purchase of buildings (150,000) Sale of equipment 60,000 Net cash used in investing activities Cash flows from financing activities: Dividends paid To Standard's shareholders (50,000) To non-controlling shareholders (6,000) Bond issue 100,000 Preferred share redemption (120,000) Net cash used in financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Print (90,000) References (76,000) 39,000 50,000 $ 89,000 *Consolidated net income was $120,000 attributable to Standard's shareholders and $9.800 attributable to non-controlling interests. Required: (a) Not available in Connect. (b) Not available in Connect. irl Natermine the nat income of Dritchard Window for Year 5 Accuma nn intercomnanu trancartionc ar linealizar nrnfite and that the Check my work 1 20,000 (12,000) $ 205,000 (150,000) 60,000 10 points (90,000) Decrease in inventory Increase in accounts receivable Net cash provided by operating activities Cash flows from investing activities: Purchase of buildings Sale of equipment Net cash used in investing activities Cash flows from financing activities: Dividends paid To Standard's shareholders To non-controlling shareholders Bond issue Preferred share redemption Net cash used in financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Skipped (50,000) (6,000) 100,000 (120,000) eBook (76,000) 39,800 50,000 $ 89,000 Print *Consolidated net income was $120,000 attributable to standard's shareholders and $9,800 attributable to non-controlling interests. References Required: (a) Not available in Connect. (b) Not available in Connect. (c) Determine the net income of Pritchard Windows for Year 5. (Assume no intercompany transactions or unrealized profits and that the only change in the undepleted acquisition differential during the year was the goodwill impairment loss.) (Omit $ sign in your response.) Net income $ (d) Not available in Connect. (e) Determine the amount of dividends paid by Pritchard Windows In Year 5. (Omit $ sign in your response.) Amount of dividends $
