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Could someone please help me fill out this Cash Flow Statemant for Castle Company? Thank you! The following information for Castle Company is available at
Could someone please help me fill out this Cash Flow Statemant for Castle Company? Thank you! The following information for Castle Company is available at December 31, 2018. Income Statement Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Interest expense Other expenses Loss on sale of assets Income before income taxes Income tax expense Net income $ 1,000,000 560,000 23,000 190,000 4,000 8,000 4,000 $ 211,000 90,000 $ 121.000 Balance Sheet Cash Accounts receivable Inventory Property, plant and equipment Accumulated depreciation Total 12/31/2018 $ 100,000 210,000 260,000 938,000 (93,000) S 1.415.000 12/31/2017 $ 90,000 140,000 220,000 866,000 (100,000) $ 1.216.000 $ 200,000 Accounts payable Salaries and wages payable Income tax payable Bonds payable, due Dec. 15, 2020 Common stock Additional paid-in capital Retained earnings Total $ 260,000 200,000 140,000 130,000 250,000 233,000 202,000 $ 1.475.000 210,000 100,000 180,000 210,000 170,000 146,000 $.1.216.000 The following information is available for specific accounts and transactions: 1. Issued 2,100 shares of common stock for $30 per share. 2. Issued $40,000 of common stock for land. 3. Paid off $50,000 of long-term bonds. 4. Sold for $19,000 cash equipment having a book value of $23,000. 5. Declared and paid a $65,000 cash dividend to shareholders. 6. Purchased land for $85,000 cash
Could someone please help me fill out this Cash Flow Statemant for Castle Company? Thank you!
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