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create the cashflow statements for this Given the following information for the Memon Corporation:a.) Prepare a statement of cash flows for 2019. b.) Give a
create the cashflow statements for this
Given the following information for the Memon Corporation:a.) Prepare a statement of cash flows for 2019. b.) Give a brief analysis of the result found. Memon Corporation Balance Sheet for December 31, 2018 and 2019 (in dollars) 2018 2019 Cash 89,000 100,000 Account receivable 64,000 70,000 Inventories 112,000 100,000 Other current assets 10,000 10,000 Total current assets 275,000 280,000 Building and equipment 238,000 311,000 Less: accumulated der sciation (40,000) (66,000) Total net fixed assets 198,000 245,000 Total assets 473,000 525,000 Accounts payable 85,000 90,000 Accrued liabilities 68,000 63,000 Total current liabilities 153,000 153,000 Long-term debt 70,000 0 Preferred stock 0 120,000 Common stock 205,000 205,000 Retained earnings 45,000 47.000 Total debt and equity 473,000 525,000 I Memon Corporation Income Statement for year ending December 31, 2019 2019 Sales 184,000 Cost of goods sold 60,000 Gross profit 124,000 Operating expenses Selling, general, and administrative expenses 44,000 Depreciation 26,000 Total operating expenses 70,000 Earnings before interest and taxes 54,000 Interest expense 4,000 Earnings before taxes 50,000 Income taxes 26,000 Net Insoms 24,000 Incam Cintamant for Cu Inc. les (Estados Unidos) Step by Step Solution
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