Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

could you send the formulas could you send the formulas rated. Blythe industries, Incorporated Income Statement For the Year Ended December 31, Year 3 Sales

could you send the formulas
could you send the formulas image text in transcribed
image text in transcribed
image text in transcribed
rated. Blythe industries, Incorporated Income Statement For the Year Ended December 31, Year 3 Sales revenue Cost of goods sold Gross profit Operating expenses Supplies expense Salaries expense Depreciation expense Total operating expenses Operating income Nonoperating items Interest expense Gain from the sale of marketable securities Gain from the sale of land and equipment Net income Additional information 1. Sold land that cost $40,000 for $44,000. 2. Sold equipment that cost $30,000 and had accumulated depreciation of $20,000 for $18,000. 3. Purchased new equipment for $190,000. 4. Sold marketable securities that were 5. Purchased new for $104,000 6. Paid 520,000 on the principal of the long-term note, 7. Paid off a 5100,000 bond issue and issued new 8. Sold 100 shares of treasury 9. Issued new common stock. 10. Issued some new 550 par preferred stock 11. Poid dividends. (Note: The only transactions to affect retained \begin{tabular}{ll} $ & 20,400 \\ $ & 92,000 \\ $ & 90,000 \\ \hline \end{tabular} \begin{tabular}{cr} $ & (202,400) \\ \hline$ & 81,100 \end{tabular} earnings were net income and dividends.) hequired fx Accessibility tab summary: The Blythe industries incorporated Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities: Sales inventory purchased Operating expenses Soles 80 Net cash outfiow from operating activities 81 Cash flows from investing activities: Proceeds from sale of equipment Proceeds from sale of land Paid to purchase equipment Paid to purchase marketable securities Paid to purchase marketable securities FNet cash outflow from imvesting activities Cash flows from financing activities: Proceeds from bond issur Proceeds from prelerred stock hasue Proceeds from preferred stock iswe Proceeds from common stock issue Proceeds from sale of treasury stock FNet cash outflow from financing activities Net increase in cash 98 Plus: Beginning cash balance Ending cash balance b. The cost per share of the treasury stock is 102 c. The issue price per share of the preferred stock was 103 d. The book value of the equipment sold was 104 105 106 107 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be 108 Nothing in this area will be graded, but it will be submitted with your assignment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started