Download the financial statements. It shows the condensed balance sheet, income statement and a part of notes for ABS Corp. For your convenience! calculated the change of each item. Use the financial statements to work the following 7 problems. million. I recommend you use 'indirect method'. If necessary round to the F-1: Cash flow from operating activities of ABS Corp for 2019 is $ nearest million dollar. AutoSave FIN 303 Mid Data File Home Insert Page Layout Formulas Review View Search O PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit is safer to stay in Protected View Enabled 015 A B D E F G H 1 1 2 3 ABS Corp. Financial Statements 4 5 2019 2018 Change 6 7 8 9 Balance Sheet (Smillion) Assets Cash Account receivable Inventories Prepaid expense Property, plant and equipment gross) Less: Accumulated depreciation Goodwill Total Asset 10 11 12 13 $3,494 $7,046 $3,260 $1,553 $168,039 ($81,989) $4,395 $105,798 $2,011 $5,330 $3,167 $1,736 $160,139 ($75,941) $4,395 $100,837 $1,483 $1,716 $93 ($183) $7,900 (56,048) $0 $4,961 14 15 16 17 18 19 Liabilities and Shareholders' equity Account payable Accrued liabilities Income Tax payable Long-term debt Common stock Additional paid in capital Retained earning Total Liability and Equity 20 21 $5,420 $2,441 $514 $17,597 $915 $7,775 $71,136 $105,798 $2.463 $2,416 $559 $16,771 $1,065 $8,525 $69,038 $100,837 $2,957 $25 (545) $826 ($150) ($750) $2,098 $4,961 22 23 24 25 26 27 2019 28 29 30 31 32 33 Income Statement (Smillion) Sales revenue Cost of goods sold Operating expenses Depreciation Interest expenses Gain on sales of equipment Income tax expense Net Income $74,438 $35,661 $12,134 $11,729 $528 $80 $3,472 $10.994 2018 $67,305 $34,876 $11,517 $10,519 $503 $0 $2,374 $7,516 Change $7,133 $785 $617 $1,210 $25 SHO $1098 $3,478 34 35 36 37 38 19 Notes -In 2019 $15,000 million worth of new plant and equipment are added. -In 2019 one equipment is sold. -No items impacted retained earnings other than net income and dividends. 40 ABS Corp 2010 o 0 Type here to search