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: $3,500,000 2,025,000 1,475,000 510,000 310,000 655,000 40,000 Maris Corporation Income Statement Year Ended December 31, 20xx Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to conmon shareholders Shares outstanding Earnings per share 615,000 410,000 205,000 30,000 $175,000 87,500 $2.00 Statement of Retained Earnings For the Year Ended December 31, 20XX Retained earnings, balance, January 1, 20XX Add: Earnings available to common shareholders, 20XX Deduct: Cash dividends declared and paid in 20XX Retained earnings, balance, December 31, 20xx $840,000 175,000 80,000 $935,000 Comparative Balance Sheets For 20xx and 20XW December 31, 20XW $105,000 495,000 581,000 52,000 1,233,000 89,000 1,700,000 761,000 939,000 $2,261,080 Comparative Balance Sheets For 20xx and 20XW December 31, 20xx Assets Current assets: Cash $120,000 Accounts receivable (net) 510,000 Inventory 610,000 Prepaid expenses 26,000 Total current assets 1,266,000 Investments (long-term securities) 80,000 Plant and equipment 2,200,000 Less: Accumulated depreciation 1,071,000 Net plant and equipment 1,129,000 Total assets $2,475,000 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $279,000 Notes payable 500,000 Accrued expenses 31,000 Total current liabilities 810,000 Long-term liabilities: Bonds payable, 20XY 140,000 Total liabilities 950,000 Shareholders' equity: Preferred stock 90,000 Common stock 500,000 Retained earnings 935,000 Total shareholders' equity 1,525,000 Total liabilities and shareholders' equity $2,475,000 $187,000 500,000 44,000 731,000 100,000 831,000 90,000 500,000 840,000 1,430,000 $2,261,000 MARIS CORPORATION Statement of Cash Flows 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) IIIII Net Change in non-cash working capital Cash (Click to select) operating activities Investing activities: (Click to select) (Click to select) II Cash (Click to select) 9 Investing activities Financing activities: (Click to select) (Click to select) (Click to select) lll Cash (Click to select) e financing activities (Click to select) Cash, beginning of year Cash, end of year
