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[Financial statement relationships From the balance sheets and additional informa- tion provided for the A Company: A. Determine the following for 19X2: 1. Inventory purchases
[Financial statement relationships From the balance sheets and additional informa- tion provided for the A Company: A. Determine the following for 19X2: 1. Inventory purchases 2. Dividends paid 3. Additions to plant and equipment 4. Net income 5. Sales revenue 6. Monthly rent 7. Interest rate on bond (assume any new borrowings were made at December 31, 19X2) B. Prepare a statement of cash flows for 1982. COMPANY Balance Sheet, at December 31, 1981-1982 1981 1982 Cash Accounts receivable Inventory Plant and equipment Less: accumulated depreciation Total assets Accounts payable Rent payable Dividend payable Bond payable Common stock Retained earnings Total liabilities and equity $185,000 80,000 120,000 180,000 (40,000) $525,000 120,000 0 5,000 20,000 200,000 180,000 $525.000 $120,000 150,000 80,000 200,000 (50,000) $500,000 110,000 40,000 0 30,000 220,000 100,000 $500,000 Additional information: Cost of goods sold Wage expense Rent expense Depreciation expense Interest expense 19X2 Expenses $100,000 80,000 60,000 10,000 2,000 $252,000 Dividend of $50,000 was declared
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