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. Prior Year MONOPOLY CORPORATION Comparative Balance Sheet December 31 Current Year Assets Cash $ 53,960 Accounts receivable Inventories Prepaid rent 2,940 Property, plant, and equipment 230,000 $ 33,600 32,400 70,400 2,400 204,000 Prior Year $ comparative and Sheer December 31 Current Year Assets Cash $ 53,960 Accounts receivable Inventories Prepaid rent 2,940 Property, plant, and equipment 230,000 Accumulated depreciation (57,400) Total assets $ 358,700 Liabilities and Stockholders' Equity Accounts payable 38,800 Accrued Liabilities 10,000 Notes payable (long-term) 132,000 Contributed capital 54,000 Retained earnings 123,900 Total liabilities and stockholders' equity $ 358,700 33,600 32,400 70,400 2,400 204,000 (42,000) 300,800 $ 34,400 12,400 1 54,000 27,000 7 3,000 300,800 $ $ 493,500 MONOPOLY CORPORATION Income Statement Year Ended December 31 Sales Expenses Cost of goods sold $ Selling, general and administrative expenses Depreciation expense s Interest expense Income taxes Net income 294,000 96,000 9.400 432,200 61,300 $ MONOPOLY CORPORATION Cash Flow Statement Year Ended December 31 Cash flows from operating activities Net income 61,300 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 15,400 Change in current assets and current liabilities Accounts Receivable (4,400) Inventories $ (22,000) Prepaid Rent Accounts Payable Accrued Liabilities Net cash provided by (used in) operating activities Cash flows from investing activities Purchase of property, plant, and equipment (26,000) Net cash provided by (used for) investing activities (26,000) Financing activities Additional capital contributed by stockholders Payments on long-term debt (22,000) Payment of cash dividends Net cash provided by (used for) financing activities 4,400 4.400 (26,000) (26,000) Prepaid Rent Accounts Payable Accrued Liabilities Net cash provided by (used in) operating activities Cash flows from investing activities Purchase of property, plant, and equipment Net cash provided by (used for) investing activities Financing activities Additional capital contributed by stockholders Payments on long-term debt Payment of cash dividends Net cash provided by (used for) financing activities Increase in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period - (22,000) 20,360 33,600 53,960 $
