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In preparing an Income Statement for both of these years what would be included in the income statement? For Year 2018 $199,000 $29,200 as of
In preparing an Income Statement for both of these years what would be included in the income statement?
For Year 2018 $199,000 $29,200 as of 12/31 $14,100 $33,200 $166,100 as of 12/31 For Year 2019 $180,300 $35,300 as of 12/31 $18,900 $30,600 $224,800 as of 12/31 Cost of Goods Sold Cash Interest Paid Selling & Gen Admin Expenses Fixed Assets net of Depreciation (i.e., Net Fixed Assets) Annual Net Sales Annual Depreciation Accounts Receivable Accounts Payable Notes Payable Inventory Long term Debt New Equity Dividend Payout Percentage of Earnings Available to common Shareholders) Tax Rate Number of days in the year $550,400 $42,000 $17,300 as of 12/31 $31,800 as of 12/31 $16,400 as of 12/31 $32,000 as of 12/31 $98,400 as of 12/31 So for this year 25% $503,800 $39,500 $44,600 as of 12/31 $11,700 as of 12/31 $12,800 as of 12/31 $37,300 as of 12/31 $82,000 as of 12/31 $14,388 for this year 25% 40% 365 30% 365 Prepare the following Statements for Jigsaw Management. a) Income Statement for both the years (10 points) b) Balance sheet as of 12/31 for both the years (10 points) c) Statement of Financial Cash Flows for 2019 (10 points) d) Commentary on Financial Cash Flow as it applies to Jigsaw (10 points)
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