Hunter Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Prior Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Assets Accounts Payablo Salaries and Wages Payable Note Payable (long-term) Conon Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement (current year) Sales Revenue Cost of Goods Sold Other Expenses Net Income $ 52,320 34,200 37,200 119,800 140,000) $202,720 $29.800 720 44,000 92,000 36,200 $202,720 $ 22,000 37,000 44,000 110,000 (36,000 $179.000 $ 26,000 1,000 56,000 68,000 28.000 $179.000 $100,000 65,00 30,200 $ 12,800 Additional Data: 2. Bought equipment for cash. $9,800 b. Paid $12,000 on the long-term note payable. Issued new shares of stock for $24,000 cash d Declared and paid a $4,600 cash dividend, e. Other expenses included depreciation, $6,800; salaries and wages, $10,800; taxes, $3,800; utilities, $8,800. { Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes on other expenses, assume that these expenses were fully paid in cash. Salari Forew History Books Window Chapter 12: In-class Assignment Aps 22nd Check my work mode: This shows what is corrector incorrect for the work you have completed sudoes not indicate completion 2 Answer is complete but not entirely correct HUNTER COMPANY Shoes For wede AR Prod by Oso 2.00 CO Der Weg 200 Can word 100 tay Out of 0 90000 Prev Next > . $ 4 % 5 1 2 3 6 7 8 9 0 E W oc Y T U Q 1 P 0 tab s D G H 3 KL os lock A Z X V B M N 36 Hunter Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Prior Year Balance Sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Equipment Total Assets Accounts Payablo Salaries and Wages Payable Note Payable (long-term) Conon Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement (current year) Sales Revenue Cost of Goods Sold Other Expenses Net Income $ 52,320 34,200 37,200 119,800 140,000) $202,720 $29.800 720 44,000 92,000 36,200 $202,720 $ 22,000 37,000 44,000 110,000 (36,000 $179.000 $ 26,000 1,000 56,000 68,000 28.000 $179.000 $100,000 65,00 30,200 $ 12,800 Additional Data: 2. Bought equipment for cash. $9,800 b. Paid $12,000 on the long-term note payable. Issued new shares of stock for $24,000 cash d Declared and paid a $4,600 cash dividend, e. Other expenses included depreciation, $6,800; salaries and wages, $10,800; taxes, $3,800; utilities, $8,800. { Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes on other expenses, assume that these expenses were fully paid in cash. Salari Forew History Books Window Chapter 12: In-class Assignment Aps 22nd Check my work mode: This shows what is corrector incorrect for the work you have completed sudoes not indicate completion 2 Answer is complete but not entirely correct HUNTER COMPANY Shoes For wede AR Prod by Oso 2.00 CO Der Weg 200 Can word 100 tay Out of 0 90000 Prev Next > . $ 4 % 5 1 2 3 6 7 8 9 0 E W oc Y T U Q 1 P 0 tab s D G H 3 KL os lock A Z X V B M N 36
