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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 Comparative

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, 20XXSales$5,600,000 Cost of goods sold3,800,000 Gross profits1,800,000 Selling and administrative expense720,000 Amortization expense240,000 Operating income840,000 Interest expense51,000 Earnings before taxes789,000 Taxes480,000 Earnings after taxes309,000 Preferred stock dividends25,000 Earnings available to common shareholders$284,000 Shares outstanding142,000 Earnings per share$2.00

Statement of Retained Earnings For the Year Ended December 31, 20XXRetained earnings, balance, January 1, 20XX$900,000 Add: Earnings available to common shareholders, 20XX284,000Deduct: Cash dividends declared and paid in 20XX150,000 Retained earnings, balance, December 31, 20XX$1,034,000

Comparative Balance Sheets For 20XX and 20XWDecember 31, 20XXDecember 31, 20XWAssetsCurrent assets:Cash$120,000 $103,000 Accounts receivable (net)530,000 518,000 Inventory500,000 477,000 Prepaid expenses25,000 50,000 Total current assets1,175,000 1,148,000 Investments (long-term securities)120,000 125,000 Plant and equipment2,600,000 2,000,000 Less: Accumulated depreciation1,006,000 766,000 Net plant and equipment1,594,000 1,234,000 Total assets$2,889,000 $2,507,000 Liabilities and Shareholders EquityCurrent liabilities:Accounts payable$493,000 $305,000 Notes payable500,000 500,000 Accrued expenses52,000 72,000 Total current liabilities1,045,000 877,000 Long-term liabilities:Bonds payable, 20XY180,000 100,000 Total liabilities1,225,000 977,000 Shareholders equity:Preferred stock130,000 130,000 Common stock500,000 500,000 Retained earnings1,034,000 900,000 Total shareholders equity1,664,000 1,530,000 Total liabilities and shareholders equity$2,889,000 $2,507,000

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.)

MARIS CORPORATION Statement of Cash FlowsFor the Year Ended December 31, 20XX Operating Activities:(Click to select) Net loss Net income$ Add items not requiring an outlay of cash:(Click to select) Increase in accrued expenses Increase in accounts payable Decrease in prepaid expenses Increase in inventory Decrease in accounts receivable Decrease in accounts payable Amortization expense Increase in accounts receivable Decrease in accrued expenses Increase in prepaid expenses Decrease in inventoryCash flow from operations(Click to select) Increase in accounts receivable Decrease in inventory Decrease in accounts receivable Amortization expense Increase in prepaid expenses Decrease in accounts payable Increase in accrued expenses(Click to select) Increase in inventory Decrease in inventory Decrease in accounts receivable Amortization expense Increase in prepaid expenses Decrease in accounts payable Increase in accrued expenses(Click to select) Decrease in prepaid expenses Decrease in inventory Decrease in accounts receivable Amortization expense Increase in prepaid expenses Decrease in accounts payable Increase in accrued expenses(Click to select) Increase in accounts payable Decrease in inventory Decrease in accounts receivable Amortization expense Increase in prepaid expenses Decrease in accounts payable Increase in accrued expenses(Click to select) Decrease in accrued expenses Decrease in inventory Decrease in accounts receivable Amortization expense Increase in prepaid expenses Decrease in accounts payable Increase in accrued expensesNet Change in non-cash working capitalCash (Click to select) provided by used in operating activitiesInvesting activities:(Click to select) Decrease in investments Decrease in plant and equipment Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued expenses Decrease in accounts receivable Decrease in inventory Amortization expense(Click to select) Increase in plant and equipment Decrease in plant and equipment Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued expenses Decrease in accounts receivable Decrease in inventory Amortization expenseCash (Click to select) used in provided by Investing activitiesFinancing activities:(Click to select) Increase in bonds payable Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued expenses Decrease in accounts receivable Decrease in inventory Amortization expense(Click to select) Preferred stock dividends paid Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued expenses Decrease in accounts receivable Decrease in inventory Amortization expense(Click to select) Common stock dividends paid Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued expenses Decrease in accounts receivable Decrease in inventory Amortization expenseCash (Click to select) provided by used in financing activities(Click to select) Net decrease in cash Net increase in cashCash, beginning of yearCash, end of year$

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