Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help with financial statements please!! cummarized versions of Heartsong Corporation's financial statements for two recent years are as follows. CClick the icon to view the

help with financial statements please!!
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
cummarized versions of Heartsong Corporation's financial statements for two recent years are as follows. CClick the icon to view the financial statements) Tequirement 1. Complete Hartsong Corporation's financial statements by deteimining the missing amounts donoted by the legers if necessary round numbers ip to the nuarest whole dolla (Round the tax calculation to the nearest thousand dollais Use parentheses or a minus dog when entering a net deciease in cash) Data table Total liabilities $9,150$f Stockholders' equity: Common stock $300$300 Retained earnings Other stockholder' equity Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} u & g \\ 210 & 190 \\ \hlinev & 4,382 \\ \hline$w & $h \\ \hline \end{tabular} Cash Flow Statement Net cash provided by operating activities 5$1100 Net cash used in investing activities Net cash used in financing activities (550) Increase (decrease) in cash Cash at beginning of year Cash at end of year 52 \begin{tabular}{lll} \hline & 2022 & 2021 \\ \hline Income Statement & (in Thousands) \\ \hline \end{tabular} Revenues Cost of goods sold Other expenss Income before income taxes Income taxes (35\%) Net income Statement of Retained Earnings Beginning balance Net income Dividends Ending balance Balance Sheet Assets Assets Cash Property, plant and equipment Other assets Total assets \begin{tabular}{|lr|} \hline & \\ \hline & 1.396 \\ \hline & 11.651 \\ \hline & 14.592 \\ \hline \end{tabular} Liabilities Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{|l|l|l|} \hline 5 & 300 & 500 \\ \hline & & \\ \hline & 210 & 190 \\ \hline & 4.382 \\ \hline & \\ \hline \end{tabular} Cash Flow Statement Cash Flow Statement Net cash provided by operating activities $1,100 Net cash used in investing activities Net cash used in financing activities Increase (decrease) In cash Cash at beginning of year Cath at end of year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: William C Boynton, Raymond N Johnson

8th Edition

0471230111, 978-0471230113

More Books

Students also viewed these Accounting questions

Question

This symbol denotes the population proportion in group i.

Answered: 1 week ago