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create a statement of cash flows epare the statement in good form with statement title, company name and time period. Year 2017 1,615,000 751.000 864,000
create a statement of cash flows
epare the statement in good form with statement title, company name and time period. Year 2017 1,615,000 751.000 864,000 Johnston Enterprises Balance Sheet and Income Statement Data Sales Revenue Less Cost of Goods Sold Gross Profit Expenses: December 31, December 31, Current Assets Cash Accounts Receivable Inventory $153,000 $119,000 238,000 782,000 1,241,000 306,000 765,000 1,122,000 Depreciation Expense Salaries and Wages Expense Interest Expense Loss on Sale of Equipment 153,000 391,000 34,000 12,000 274,000 110,000 $164,000 Total Current Assets Property, Plant, and Equipment Less: Accumulated Depreciation Total Assets (476.000)442.000) $1,445,000 Current Liabilities Income Before Taxes Less Income Tax Expense Net Income Accounts Payable $187,000 $102,000 51,000 323,000 340,000 Notes Payable 68,000 246,500 391,000 Income Taxes Payable Total Current Liabilities Bonds Payable Total Liabilities 663,000 637.500 Stockholders' Equity: Addtional Inform Common Stock Retained Earnings 310000447.300During the year, Johnston sold equipment with an original cost of $153,000 ad 1445 000-807,500 accumulated depreciation of S119,00 and purchased new equipment for $272,000 40,000 Total Stockholders' Equity otal Liabilities & Stockholders' Equity $1,547,000Step by Step Solution
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