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i added 2 photos Chee Golden Corp's current year income statement comparative balance sheets, and additional information follow For the year all sales are credit
i added 2 photos
Chee Golden Corp's current year income statement comparative balance sheets, and additional information follow For the year all sales are credit sales (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (y any change in Income Tones Payable reflects the acerul and cash payment of taxes Per Current 1 109,00 10.500 38.500 30, (160.500 11,055, GOLDEN CORPORATION Comparative Balance Sheets December 31 Assets Cash accounts receivable Drventory Total currents Event con depreciatio-Louipent Total assets Liabilities and Equity Accounts payable Thos tans ble Total current lantis Equity Como stock$2 per value Pas-in capital in of pur value, come to Matane carning Total Habilities and equity .. 5332.52 78.000 31.000 719,00 30,000 200, 500 117,00 1 99,00 33,00 11. $ 6,00 27. 103,60 390, 205,00 53,00 167.100 $1.es $97.00 GOLDEN CONFOLATION Income State For Current News Cont of a sole Gross Profit Operating acting recim) Depreciation En bere Income the expense $1,017, 3. 72.00 17. 2.0 354,00 Additional Information on Current Year Transactions Purchased equipment for $44.400 cash Dissued 12.500 shares of common stock for cash per share c. Declared and pred 504.000 cash didende Required: repara complete enest of cash to ing water menorfor me cuneet year mounts to be deducted should te indicated with a minus GOCOEN CORPORATION Amy Wang 10 PM Net income 29, 088 $ 144, eee Additional Information on Current Year Transactions a. Purchased equipment for $44.400 cash b. Issued 12,500 shares of common stock for $5 cash per share. c. Declared and paid $94.000 in cash dividends, Required: Prepare a complete statement of cash flows using the Indirect method for the current year (Amounts to be indicated with a minus sign.) GOLDEN CORPORATION Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile not income to net cash provided by operations Income statement items not affecting cash Changes in current assets and current liabilities Cash flows from investing activitas 0 Cash flows from financing activities 5 3 0 Not incredere in canh Cash balance at December at prior year Cashbalance at December 31, a year HI! Nex Step by Step Solution
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