December 31, 20XW $103,000 528,000 488,000 52,000 1,171,000 125,000 2,000,000 767,000 1,233,000 $2,529,000 Comparative Balance Sheets For 20xx and 20XW December 31, 20XX Assets Current assets: Cash $120,000 Accounts receivable (net) 540,000 Inventory 510,000 Prepaid expenses 26,000 Total current assets 1,196,000 Investments (long-term securities) 120,000 Plant and equipment 2,600,000 Less: Accumulated depreciation 1,017,000 Net plant and equipment 1,583,000 Total assets $2,899,000 Liabilities and shareholders' Equity Current liabilities: Accounts payable $373,000 Notes payable 500,000 Accrued expenses 53,000 Total current liabilities 926,000 Long-term liabilities: Bonds payable, 20xY 180,000 Total liabilities 1,106,000 Shareholders' equity: Preferred stock 130,000 Common stock 500,000 Retained earnings 1,163,000 Total shareholders' equity 1,793,000 Total liabilities and shareholders' equity $2,899,000 $325,000 500,000 74,000 899,000 100,000 999,000 130,000 500,000 900,000 1,530,000 $2,529,000 Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Maris Corporation: Maris Corporation Income Statement Year Ended December 31, 20XX Sales $5,700,000 Cost of goods sold 3,875,000 Gross profits 1,825,000 Selling and administrative expense 730,000 Amortization expense 250,000 Operating income 845,000 Interest expense 52,000 Earnings before taxes 793,000 Taxes 350,000 Earnings after taxes 443,000 Preferred stock dividendo Earnings available to common shareholders 30,000 $413,000 Shares outstanding Earnings per share 165,200 $2.50 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20XX Add: Earnings available to common shareholders, 20XX Deduct: Cash dividends declared and paid in 20xx Retained earnings, balance, December 31, 20XX $900,000 413,000 150,000 $1,163,000 101 Prepare a statement of cash flows for the Maris Corporation. (Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response.) MARIS CORPORATION Statement of Cash Flows For the Year Ended December 31, 20XX Operating Activities: (Click to select) Add items not requiring an outlay of cash: (Click to select) Cash flow from operations (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Net Change in non-cash working capital Cash (Click to select) operating activities Investing activities: (Click to select) (Click to select) Cash (Click to select) Investing activities Financing activities: (Click to select) (Click to select) (Click to select) Cash (Click to select) tinancing activities 10 (Click to select) (Click to select) Cash, beginning of year 000 Cash, end of year $