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Comparative selected account balances and an unclassified income statement for SML Company follow: (Click the icon to view the income statement.) (Click the icon to
Comparative selected account balances and an unclassified income statement for SML Company follow: (Click the icon to view the income statement.) (Click the icon to view the account balances.) (Click the icon to view additional information.) Requirements For the Year Ended December 31, 2015 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable Decrease in inventory Increase in wages payable Decrease in accounts payable (16000) 6400 3800 3800 (2800) 1000 Loss on disposal of capital assets Choose from any list or enter any number in the input fields and then continue to the next question. Comparative selected account balances and an unclassified income statement for SML Company follow: (Click the icon to view the account balances.) (Click the icon to view additional information.) Requirements www.wing pay spring w..... Cash flows from investing activities: (Click the icon to view the income statement.) Net cash provided by (used for) investing activities Cash flows from financing activities: Acquisition of land Net cash provided by (used for) financing activities Net increase (decrease) in cash during the year Cash balance, December 31, 2014 Cash balance, December 31, 2015 Choose from any list or enter any number in the input fields and then continue to the next question. Comparative selected account balances and an uncla (Click the icon to view the account balances.) (Click the icon to view additional information.) Requirements 1 Data Table SML Company Account Balances as at December 31 SML Compa Statement of Cas For the Year Ended Dece 2015 2014 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable Decrease in inventory Choose from any list or enter any number in the in Cash $ 30,900 $ 4,500 Accounts Receivable 34,800 18,800 Inventory 14.800 21,200 Accounts Payable 15,600 19,400 Wages Payable 3,800 1,000 Print Done - Cancel Comparative selected account balances and an unclassified (Click the icon to view the account balances.) (Click (Click the icon to view additional information.) Requirements i Data Table SML Company Income Statement For the Year Ended December 31, 2015 SML Company Statement of Cash Flows Sales $ 243,500 Cost of Goods Sold $ 180,400 For the Year Ended December 31 Wages 44,200 Cash flows from operating activities: Supplies 5,600 Net income Property Taxes 2,700 Adjustments to reconcile net income to net cash Utilities 1,700 provided by operating activities: Increase in accounts receivable Decrease in inventory Choose from any list or enter any number in the input field Loss on Disposal of Equipment 4,900 Depreciation of Capital Assets 3,000 242,500 $ 1,000 Net Income Print Done - Cancel
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