Chrome File Edit View History Bookmarks Profiles Tab Window Help MO 40% Thu Apr 7 22:21 Q E .. . G how to screenshot on mac - Gc x SF McGraw Hill Connect x Question 7 - Chapter 13 Quiz - X Course Hero X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com. Watch Snatched (... " LindseyJones Uni.. DRS British Council IEL... S www.choosemypl... & New Tab Chapter 13 Quiz i Saved Help Save & Exit Submit A comparative balance sheet for Lomax Company containing data for the last two years is as follows: 7 Lomax Company Comparative Balance Sheet This Year Last Year Assets Current assets: 3.58 Cash and cash equivalents $ 81, 000 $ 58,000 points Accounts receivable 610,000 635,000 Inventory 620,000 430,000 Prepaid expenses 18,000 10,000 Total current assets 1, 329,000 1, 133,000 Property, plant, and equipment 2, 420,000 1, 840,000 Less accumulated depreciation 627,000 569,000 Net property, plant, and equipment 1,793,000 1, 271, 000 Long-term investments 101, 000 160,000 Loans to subsidiaries 130,000 75,000 Total assets $ 3,353,000 $ 2, 639,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 886,000 $ 580, 000 Accrued liabilities 31,000 51, 000 Income taxes payable 146, 000 126,000 Total current liabilities 1,063,000 757,000 Bonds payable 670,000 130,000 Total liabilities 1,733,000 1, 187,000 Stockholders' equity: Common stock 1, 110,000 1, 010,000 Retained earnings 510,000 442,000 Total stockholders' equity 1, 620,000 1, 452,000 Total liabilities and stockholders' equity $ 3,353, 000 $ 2,639,000 2071 Grade Estimate-1 APRChrome File Edit View History Bookmarks Profiles Tab Window Help MO 40% Thu Apr 7 22:21 Q E ... G how to screenshot on mac - Gc x SF McGraw Hill Connect x Question 7 - Chapter 13 Quiz - X Course Hero X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com. Watch Snatched (... " LindseyJones Uni.. DRS British Council IEL... S www.choosemypl... & New Tab Chapter 13 Quiz i Saved Help Save & Exit Submit The following additional information is available about the company's activities during this year: 7 a. The company declared and paid a cash dividend this year. b. Bonds with a principal balance of $390,000 were repaid during this year. c. Equipment was sold during this year for $75,000. The equipment had cost $150,000 and had $52,000 in accumulated depreciation 3.58 on the date of sale. points d. Long-term investments were sold during the year for $130,000. These investments had cost $59,000 when purchased several years ago. e. The subsidiaries did not repay any outstanding loans during the year. f. Lomax did not repurchase any of its own stock during the year. The company reported net income this year as follows: Sales $ 3,200,000 Cost of goods sold 1, 984, 000 Gross margin 1, 216,000 Selling and administrative expenses 983,000 Net operating income 233,000 Nonoperating items: Gain on sale of investments $ 71, 000 Loss on sale of equipment (23, 000) 48, 000 Income before taxes 281, 000 Income taxes 90, 000 Net income $ 191, 000 Required: 1. Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash outflows as negative amounts.) Mc Graw HillChrome File Edit View History Bookmarks Profiles Tab Window Help MO 40% Thu Apr 7 22:21 Q E ... G how to screenshot on mac - Gc x SF McGraw Hill Connect x Question 7 - Chapter 13 Quiz - X Course Hero X + F-CD ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com. Watch Snatched (... " LindseyJones Uni. DRS British Council IEL... S www.choosemypl... & New Tab Chapter 13 Quiz i Saved Help Save & Exit Submit 7 Lomax Company Statement of Cash Flows Operating activities: 3.58 points 0 Investing activities: Mc Graw Chrome File Edit View History Bookmarks Profiles Tab Window Help MO 40% Thu Apr 7 22:21 Q E ... G how to screenshot on mac - Gc x SF McGraw Hill Connect x Question 7 - Chapter 13 Quiz - x Course Hero X + * ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com. Watch Snatched (... " LindseyJones Uni. ORS British Council IEL... S www.choosemypl...