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Given the following information, prepare an income statement, balance sheet, and statement of cash flows: Revenue: $150,000 Cost of Goods Sold: $60,000 Operating Expenses: $30,000
Given the following information, prepare an income statement, balance sheet, and statement of cash flows:
- Revenue: $150,000
- Cost of Goods Sold: $60,000
- Operating Expenses: $30,000
- Interest Expense: $5,000
- Dividends Paid: $10,000
- Beginning Cash Balance: $20,000
- Ending Cash Balance: $25,000
- Accounts Receivable: $15,000
- Accounts Payable: $8,000
- Long-term Debt: $50,000
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