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Given the following income statement and balance sheet, find the net cash used for financing activities? Income statement for 2020: $23,598 11.456 12.142 $4.123 1,052
Given the following income statement and balance sheet, find the net cash used for financing activities? Income statement for 2020: $23,598 11.456 12.142 $4.123 1,052 3.577 Revenue Cost of goods sold Gross profit Salary and wage expense Depreciation expense Other operating expenses Total operating expenses Operating profit Other revenues (expenses Gain on sale of equipment Interest expense Income before tax Income tax expense Net income 8,752 3.390 206 (246) (41) 3.349 1.139 $2.210 Balance Sheet: 2020 2019 S1011 $1.163 1,012 3.984 155 6.162 Cash Accounts receivable Inventory Prepaid expenses Total current assets Land Buildings Equipment Lesk accumulated depreciation Total long-term assets Total assets 510 3680 957 3.277 178 5.575 510 3,680 8555 (2.891) 9,854 SI5.429 (3.43 9,545 $15.707 53.58 85 $3.325 75 74 62 Accounts payable Salary and wage payable Interest payable Income tax payable Other accrued liabilities Total current liabilities Long term debt 55 50 1.126 4.916 3,075 1.104 4.62% 3,575 Balance Sheet: 2020 2019 $1,011 1,012 3,984 $1.163 957 3,277 178 155 Cash Accounts receivable Inventory Prepaid expenses Total current assets Land Buildings Equipment Less: accumulated depreciation Total long-term assets Total assets 6,162 510 5,575 510 3,680 3,680 8,798 8,555 (2,891) (3,443) 9,545 $15.707 9,854 $15.429 $3,325 $3,588 85 75 62 76 55 50 Accounts payable Salary and wage payable Interest payable Income tax payable Other accrued liabilities Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 1.126 4.916 1.104 4,638 3,575 3,075 3,750 3,966 $15.707 1.350 2.826 $15.49
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