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help me fill it Presented below are the 2021 income statement and comparative balance sheets for Santana Industries. $25,250 SANTANA INDUSTRIES Income Statement For the
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Presented below are the 2021 income statement and comparative balance sheets for Santana Industries. $25,250 SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue $ 18,050 Service revenue 7,200 Total revenue Operating expenses: Cost of goods sold 9,100 Selling expense 4,300 General and administrative expense 3,400 Total operating expenses Operating income Interest expense Income before income taxes Income tax expense Net Income 16,800 8,450 340 B, 110 3,500 $ 4,610 Dec. 31, 2021 Dec. 31, 2020 Balance Sheet Information ( in thousands) Assets: Cash Accounts receivable Inventory Prepaid rent Equipment $ 10, 200 6,300 7,800 340 18,300 $ 3,910 4,100 4,900 680 15,800 Dec. 31, Dec. 31. 2821 2020 22 $10,200 6,300 7,500 340 18,360 (7,080) $35,940 $ 3,910 4,100 4.900 680 15.800 16.400) $22.990 Balance Sheet Informations in thousands) Assets: Cash Accounts receivable Inventory Prepaid rent Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders Equity Accounts payable Interest payable Deferred revenue Incone taxes payable Notes payable (due 12/31/2023) Con on stock Retained earnings Total liabilities and shareholders' equity $ 3,00 0 790 1. 180 $ 5,200 290 1,180 740 8,800 11,900 7,830 $ 35,940 11,900 6, 120 5 22,990 Additional information for the 2021 fiscal year (S in thousands): 1. Cash dividends of $2.900 were declared and paid. 2. Equipment costing $7,800 was purchased with cash. 3. Equipment with a book value of $2,400 (cost of $5.300 less accumulated depreciation of $2,900) was sold for $2.400. 4. Depreciation of $3.500 is included in operating expenses Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: $ 0 Net cash flows from operating activities Cash flows from investing activities: 0 Net cash flows from investing activities Cash flows from financing activities: $ GA 0 Net cash flows from operating activities Cash flows from investing activities: 0 Net cash flows from investing activities Cash flows from financing activities: 0 0 Net cash flows from financing activities Net increase in cash Cash. January 1 Cash, December 31 $ GA 0 Step by Step Solution
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