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in an excel file 1. At the end of 2003, the Carillon Project has $125,000 in accumulated depreciation and $100,000 in retained earnings. Sales Notes
in an excel file 1. At the end of 2003, the Carillon Project has $125,000 in accumulated depreciation and $100,000 in retained earnings. Sales Notes Payable Tax Rate Gross Fixed Assets Total Current Liabilities Interest Expense Cash Accounts Payable COGS Total Current Assets Total Liabilities Net Income General. Selling and Administrative Expenses Accounts Receivable Addition to Retained Earnings 2004 $350,000 20.000 40% $750,000 130.000 20.000 20,000 80.000 40% of Sales 130.000 300,000 36.000 10% of Sales 2005 $450.000 50,000 40% $1,100,000 170,000 30.000 30.000 60,000 30% of Sales 180.000 340.000 42.000 10% of Sales 40,000 20,000 60.000 30.000 PREPARE A STATEMENT OF CASH FLOW AND COMMENT ON THE STRENGTHS AND WEAKNESSES YOU OBSERVE
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