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, 20% Sales Cost of goods sold $5,900,000 4,075,000 Gross profits Selling and administrative expense Amortization expense 1,825,000 Operating income Interest expense Earnings before taxes Taxes 270,000 B05,000 54,000 370,000 Earnings after taxes 361,000 30.01 Preferred stock dividends Earnings available to common shareholders Shares outstanding Earnings per share $351,000 146,250 $2.40 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earning balance, January 1, 20xx Add Earnings available to common shareholders, 20xx Deduct: Cash dividends declared and paid in 20XX $920,000 351,000 150,000 Retained earnings, balance, December 31, 20xx $1,121,000 barven 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 29xX of Maris Corporation: Haris corporation The statement Year Ended December 31, 20XX Sales Cost of goods sold Gross profits Selling and administrative expense Anortation expense Operating income Thterest expense 35,900, 4,075,000 1,825.000 750,000 270.000 80,000 54,000 Earnings before taxes Taxes Earnings after taxes 751,000 370,000 381,000 Preferred stock dividends 30,000 Earnings available to common shareholders $351,000 Shares outstanding Earnings per share 146,25 $2.48 Earnings per share 146,250 $2.40 Statement of Retained Earnings For the Year Ended December 31, 20XX Retained earnings, balance, January 1, 20xx Add: Earnings available to common shareholders, zexx Deduct: Cash dividends declared and paid in 20xx Retained earnings, balance, December 31, 2exx $920,000 351,000 150,000 $1,121,000 Comparative Balance Sheets For 20xx and 2exw December 31, 20XX December 31, 20% Comparative lance sheet For MOXX and 20 $120,000 50,000) 530,000 20,000 $10,000 54,00 509,000 Assets Current assets Cash Accounts receivable (not) Inventory Prepaid expenses Total current assets Investments (long term securities) plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets 1,238,000 120,000 1,216,000 125,000 2,600,000 1,041,00 2,000,000 771,000 1,559,000 1,239,000 $2,917,000 $2,570,000 $421,000 500,000 55,600 $343,000 500,000 27.000 Liabilities and Shareholders' Equity Current liabilities Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20XY 976,080 920,000 100,000 190,000 1,166,000 Total liabilities Shareholders' equity! Preferred stock Common stock 1,020,000 130.000 500.000 130,000 500.000 5421, 500.000 77. 976,000 90.00 190,000 Liabilities and Shareholders' Equity current la Accounts payable Notes payable Accrued expenses Total current liabilities Long term liabilities Honds payable, 20xY Total liabilities Shareholders equity: Preferred stock Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders equity 10.000 1,020,000 1,166,000 130,000 500,000 1,121,880 138,000 500,000 920,000 1,751,600 1,550,000 $2,917,000 $7,570,000 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.) MARTS CORPORATION Statement of Cash Flow For the Year Ended December 31, 20XX Operating Activities (Click to select) 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: TYClick to select Prev 1 of 4 Next (Click to select) ed 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 (Click to select) financing activities es (Click to select) cash, beginning of year cash, end of year