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Evaluate the profitability of this company. TI. Prepare the Statement of Cash Flows (Taccount format). ER BB Assets Cash _________________________________________________________ $ 12,000 $10,000 Accounts receivable

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Evaluate the profitability of this company.

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TI". Prepare the Statement of Cash Flows (\"Taccount format). ER BB Assets Cash _________________________________________________________ $ 12,000 $10,000 Accounts receivable ....................................... 20,000 24,000 Inventory ____________________________________________________ 36 000 30 000 Total current assets _____________________________________ 63,000 64,000 Longterm investments ____________________________________ 18,000 20,000 Plant and equipment _______________________________________ 60,000 50,000 Less: Accumulated depreciation _____________________ 26,000! 22,000! Net plant and equipment __________________________________ 34,000 23,000 Total Assets _________________________________________________ $120,000 $112,000 Liabilities and Stuckholders'I Equity Accounts payable __________________________________________ $32,000 $20,000 Accrued liabilities __________________________________________ 3 000 10 000 Total current liabilities ................................. 40,000 30,000 Bond payable ________________________________________________ 14,000 23,000 Common stock ______________________________________________ 30,000 26,000 Retained earnings .......................................... 36.000 28.000 Total Stockholders' Equity ........................... 66,000 54,000 Total Liabilities and Equity ___________________________ $120,000 $112,000 Sales ____________________________________________________________ $260,000 Cost of goods sold _______________________________________ 200,000 Gross margin _________________________________________________ 60,000 Operating expenses _________________________________________ 44,000 Net income ___________________________________________________ W Additional information: The company paid cash dividends. Ir Do not waste time trying to draw the Taccount lines. lust show the accounts and numbers. _

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