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If you please donnot use hand writting ? Thank you! The balance sheet for December 31, 2019, December 31, 2018, and the income statement for
If you please donnot use hand writting ? Thank you! The balance sheet for December 31, 2019, December 31, 2018, and the income statement for the year ended December 31, 2019, for Bridgestone Company follows. Bridgestone Company Balance Sheet December 31, 2019 and 2018 Assets Cash Accounts receivable, net Inventory Land Building and equipment Accumulated depreciation Total assets 2019 $ 25,000 60,000 80,000 50,000 130,000* (85,000) $250,000 2018 $ 20,000 70,000 100,000 50,000 115,000 (70,000) $285,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Wages payable Current notes payable Common stock Retained earnings Total liabilities and stockholders' equity $ 30,000 4,000 5,000 50,000** 110,000*** 61,000 $260.000 $ 35,000 3,000 3,000 60,000 100,000 84.000 $285.000 * During 2019 cash payments for building and equipment S15,000. ** During 2019 cash paid for retirement of notes payable $10,000, *** During 2019 cash received from issuance of stock. $500,000 Bridgestone Company Income Statement For the Year Ended December 31, 2019 Sales Less expenses: Cost of goods sold $330,000 Selling and administrative expenses 90,000 (includes depreciation of $15,000) Interest expense 5.000 Total expenses Income before taxes Income tax expense Net income Note: Cash dividends of $68,000 were paid during 2012. 425.000 $ 75,000 30.000 $ 45,000 Required: a. Prepare in proper format, the statement of cash flows for 2019. NOTE: Present cash flows from operations using the indirect approach. b. Compute the ratio operating cash flow/current maturities of long-term debt and current notes payable. C. Comment in details on the statement of cash flows and the ratio computed in (b)
If you please donnot use hand writting ?
Thank you!
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