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Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and
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 $5,300,000 Cost of goods sold 3,575,000 Gross profits 1,725,000 Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common shareholders Shares outstanding Earnings per share Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20xx Add: Earnings available to common shareholders, 20xxx Deduct: Cash dividends declared and paid in 20xx Retained earnings, balance, December 11, 20xx 690,000 210,000 825,000 58,000 767,000 450,000 317,000 25,000 $292,000 146,000 $2.00 $900,000 292,000 150,000 $1,042,000 Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-term securities) Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Comparative Balance Sheets For 20XX and 20XW December 31, 20xx December 31, 20XW $108,000 $120,000 500,000 630,000 22,000 488,000 604,000 44,000 1,272,000 120,000 1,244,000 125,000 2,400,000 973,000 1,800,000 763,000 1,427,000 $2,819,000 1,037,000 $2,406,000 $438,000 Notes payable Accrued expenses 500,000 49,000 $220,000 500,000 66,000 Total current liabilities Long-term liabilities: Bonds payable, 20XY Total liabilities Shareholders' equity: Preferred stock 987,000 786,000 170,000 100,000 1,157,000 886,000 Common stock 120,000 120,000 Retained earnings 500,000 500,000 1,042,000 900,000 Total shareholders' equity 1,662,000 1,520,000 Total liabilities and shareholders' equity $2,819,000 $2,406,000 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.) Operating Activities: (Click to select) MARIS CORPORATION Statement of Cash Flows For the Year Ended December 31, 20xx 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 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) Investing activities: (Click to select) (Click to select) operating activities Cash (Click to select) s Investing activities. Financing activities: (Click to select) (Click to select) (Click to select) Cash (Click to select)financing activities (Click to select) Cash, beginning of year Cash, end of year
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