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Given: 2021 2020 Net Sales 9,350,000 7,200,000 Cost of Sales Cost of Goods Sold 6,150,000 4,460,000 Factory Depreciation 350,000 325,000 Gross Income 2,850,000 2,415,000 SG&A
Given:
2021 | 2020 | |
Net Sales | 9,350,000 | 7,200,000 |
Cost of Sales | ||
Cost of Goods Sold | 6,150,000 | 4,460,000 |
Factory Depreciation | 350,000 | 325,000 |
Gross Income | 2,850,000 | 2,415,000 |
SG&A | 2,111,000 | 1,785,000 |
SG&A depreciation | 75,000 | 70,000 |
Net Operating Income (NOI) | 664,000 | 560,000 |
Other Income & Expenses | ||
Extraordinary Gain (Loss) | 250,000 | |
Interest Expense | 120,000 | 105,000 |
Net Profit Before Taxes | 544,000 | 705,000 |
Income Taxes | 190,400 | 246,750 |
Net Income | 353,600 | 458,250 |
Convert the above 2021 GAAP data to cash flow data.
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