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, 2006 Sales $4,200,000 Cost of goods sold 2,550,000 1,650,000 580,00 240,000 Gross profits Selling and administrative expense Amortization expense Operating Incone Interest expense Earnings before taxes Taxes 830.000 47,000 789,000 450,000 Earnings after taxes 303,000 Preferred stock dividends 40,000 Earnings available to common shareholders 5263,00 Shares outstanding Earnings per share 131.500 $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 $860,000 263,000 150,000 Retained earnings, balance, December 31, 20XX $973,000 Comparative Balance Sheets For 20xx and 20x December 31, 20xx December 31, 20% $120,000 500,000 520,000 13,000 $105,000 $68,000 497,000 66,000 1,253,000 100,000 1,236,000 109,000 2,200,000 1,000,000 1,800,000 769.000 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 Notes payable Accrued expenses Total current Habilities Long-term liabilities: Bonds payable, 20xY 1,101.000 1,031,00 $2,544,000 52,376,000 $283,000 500,000 38. $256,000 500.000 60,000 821,000 616,000 150,000 100,000 971,000 916,000 Total liabilities Shareholders' equity Preferred stock Conmon stock 100,000 500,000 100,000 500.000 000, CERI Total shareholders' equity Total liabilities and shareholders' equity 1,573,000 1,460,000 $2.544,000 $2,376,000 Prepare a statement of cash flows for the Maris Corporation (Amounts to be deducted should be indicated with a minus sign. Om $ sign in your response.) HARIS 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 v $ 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 Cach /Click to select onerating activities (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 (Click to select) financing activities (Click to select) Cash, beginning of year $ Cash, end of year
