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Condensed financial data of Monopoly Corporation appear below: A cash dividend was declared and paid in full to stockholders during the year. Required: Solve for
Condensed financial data of Monopoly Corporation appear below: A cash dividend was declared and paid in full to stockholders during the year. Required: Solve for the missing numbers. Complete this question by entering your answers in the tabs below. Balance Sheet Income Stmt Cash Flow Stmt Solve for the missing numbers. MONOPOLY CORPORATION Comparative Balance Sheet December 31 Current Year Prior Year Assets Cash $ 19,100 $ 14,000 Accounts receivable Inventories 31,000 69,000 1,000 190,000 (35,000) 270,000 $ Prepaid rent 1,400 Property, plant, and equipment 209,000 Accumulated depreciation (49,000) Total assets $ 298,500 Liabilities and Stockholders' Equity Accounts payable $ 36,000 Accrued Liabilities 10,000 Notes payable (long-term) 125,000 Contributed capital 40,000 $ 33,000 11,000 140,000 20,000 Retained earnings Total liabilities and stockholders' equity 87,500 298,500 66,000 270,000 $ $ Complete this question by entering your answers in the tabs below. Balance Sheet Income Stmt Cash Flow Stmt Solve for the missing numbers. MONOPOLY CORPORATION Income Statement Year Ended December 31 Sales $ 437,500 Expenses Cost of goods sold Selling, general and administrative expenses Depreciation expense $ 280,000 89,000 Interest expense 8,000 Income taxes 407,000 30,500 Net income $ Solve for the missing numbers. (Enter any deductions and cash outflows as a negative value MONOPOLY CORPORATION Cash Flow Statement Year Ended December 31 Cash flows from operating activities Net income $ 30,500 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 14,000 Change in current assets and current liabilities Accounts Receivable (3,000) Inventories $ (15,000) Prepaid Ren Accounts Payable $ 3,000 Accrued Liabilities Net cash provided by (used in operating activities Cash flows from investing activities Purchase of property, plant, and equipment (19,000) Net cash provided by (used for) investing activities (19,000) Financing activities Additional capital contributed by stockholders Payments on long-term debt (15,000) Payment of cash dividends Net cash provided by (used for) financing activities Increase in cash and cash equivalents 5,100 Cash and cash equivalents, beginning of period 14,000 Cash and cash equivalents, end of period $ 19,100
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