Question
I have income statement ,balance sheet and retained Earning statement I need'now' [cash flow] [note statement} The following information indicates the first years operation of
I have income statement ,balance sheet and retained Earning statement I need'now' [cash flow] [note statement}
The following information indicates the first years operation of Adam, Inc. at December 31, 2018.
Sales revenue: $555,080 Cost of goods sold: $210,000 Financing Costs: $10,000
Selling and administrative expenses: $75,000 Gain on sale of plant assets: $45,000
Unrealized gain on non-trading securities: $15,000 Loss on discontinued operations: $20,000
Dividends declared and paid: $50,400 Allocation to non-controlling interest: $60,000
Equipment: $40,000 Interest payable: $600 Land: $157,320 Inventory: $102,000
Bonds payable: $78,000 Notes payable (due in 5 months): $24,400 Buildings: $80,400
Share capital: $60,000 Accumulated depreciation-equipment: $10,000
Prepaid advertising: $5,000 Supplies: $1860 Taxes payable: $3000 Cash: $90400
Salaries and wages payable: $900 Accumulated depreciation-buildings: $15,000
Please prepare five financial statements based on the data provided by Adam, Inc. at December 31, 2018.
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