In this Part of the midterm, there are 22 questions, worth a total of 35 points. You must answer all of them. When entering a numeric answer, just the digits -no dollar signs, commas, or decimal points. In addition, in some questions a + or sign is required. It will probably help if you create the four financial statements, or at least classify the data below, to keep track of the amounts that have to be calculated.

Talbridge Ltd. had the following account balances at December 31, 2021:

Account Name or Activity	Amount
Repairs expense	$1,125
Wages expense	21,350
Prepaid expenses	1,400
Dividends	3,500
Purchase of intangibles	1,360
Cash (end of year)	36,385
Deferred revenue	1,500
Owner's capital	12,000
Accounts payable	12,810
Prepaid rent	900
Collections from customers	28,350
Rent expense	2,100
Contributions by owners	2,500
Accounts receivable	17,155
Cash (beginning of year)	16,890
Retained earnings (beginning of year)	8,575
Interest expense	900
Business licence	60
Payment of dividends	3,500
Website design	1,300
Service revenue	47,560
Cash received from debt	12,500
Income tax expense	4,450
Supplies	2,550
Supplies expense	1,845
Payments to suppliers	18,995
Bank loan payable, due in 2025	12,500
Website expense	500
Income tax payable	575

What is the correct title for this company's single step income statement? (1 point)

Income Statement Talbridge Ltd. Year ended December 31, 2021

December 31, 2021 Income Statement Talbridge Ltd.

Talbridge Ltd. Income Statement December 31, 2021

Talbridge Ltd. December 31 2021 Income Statement

Talbridge Ltd. Income Statement Year ended December 31, 2021

What is Total Operating Expenses on this company's single step income statement? (2 points)

Answer

What is Profit before Income Tax (also called Income before Income Tax) on this company's single step income statement? (2 points)

Answer

What is Profit (also called Net Income) on this company's single step income statement? (2 points)

Answer

What is the correct title for this company's statement of retained earnings? (1 point)

Statement of Retained Earnings Talbridge Ltd. Year ended December 31, 2021

Talbridge Ltd. Statement of Retained Earnings Year ended December 31, 2021

Talbridge Ltd. Statement of Retained Earnings December 31, 2021

December 31, 2021 Statement of Retained Earnings Talbridge Ltd.

Talbridge Ltd. December 31, 2021 Statement of Retained Earnings

What is ending Retained Earnings on this company's statement of retained earnings? (2 points)

Answer

What is the correct title for this company's balance sheet? (1 point)

Talbridge Ltd. December 31, 2021 Balance Sheet

Talbridge Ltd. Balance Sheet December 31, 2021

Talbridge Ltd. Balance Sheet Year ended December 31, 2021

December 31, 2021 Balance Sheet Talbridge Ltd.

Balance Sheet, Talbridge Ltd., Year ended December 31, 2021

What is total current assets on this company's balance sheet? (2 points)

Answer

What is the correct order for the current assets section of this company's balance sheet? (1 point)

Cash (beginning of year), Accounts Receivable, Prepaid Expenses, Prepaid Rent, Supplies

Cash (end of year), Accounts Receivable, Prepaid Expenses, Prepaid Rent, Supplies

Cash (beginning of year), Accounts Receivable, Prepaid Rent, Supplies

Cash (end of year), Accounts Receivable, Prepaid Rent, Supplies

Cash (end of year), Accounts Receivable, Prepaid Rent, Supplies, Website Design, Business Licence

What is the correct order for the intangible section of the balance sheet? (1 point)

Business Licence, Supplies, Website Design

Website Design, Business Licence, Prepaid Rent, Prepaid Expenses

Prepaid Rent, Prepaid Expenses, Supplies

Business Licence, Prepaid Expenses, Website Design

Website Design, Prepaid Rent, Prepaid Expenses

Website Design, Business Licence

What is total assets on this company's balance sheet? (2 points)

Answer

What is total current liabilities on this company's balance sheet? (2 points)

Answer

What is the correct order for the current liabilities section of the balance sheet? (1 point)

Bank Loan Payable, Income Tax Payable, Accounts Payable, Deferred Revenue..

Accounts Payable, Deferred Revenue, Income Tax Payable

Accounts Payable, Income Tax Payable, Payments to Suppliers

Accounts Payable, Payments to Suppliers, Deferred Revenue, income Tax Payable

Accounts Payable, Income Tax Payable, Bank Loan Payable

Accounts Payable, Income Tax Payable..

What is total liabilities on this company's balance sheet? (2 points)

Answer

What is total equity on this company's balance sheet? (2 points)

Answer

What is the correct order for the equity section of the balance sheet? (1 point)

Retained Earnings, Profit, Dividends, Owners Capital

Owners' capital, Retained Earnings, Profit

Owners Capital, Retained Earnings

Retained Earnings, Owners Capital

Retained Earnings, Profit, Owners' Capital

Owners' Capital, Retained Earnings, Profit, Dividends

What is the correct title for this company's statement of cash flows? (1 point)

December 31, 2021 Statement of Cash Flows Talbridge Ltd.

Talbridge Ltd. December 31, 2021 Statement of Cash Flows

Statement of Cash Flows Talbridge Ltd. Year ended December 31, 2021

Talbridge Ltd. Statement of Cash Flows Year ended December 31, 2021

Talbridge Ltd. Statement of Cash Flows December 31, 2021

The next four questions ask about cash flows. If the amount is an INFLOW enter the amount with a '+' sign. For example, an inflow of $12,682 must be entered as +12682. If the amount is an OUTFLOW enter the amount with a '-' sign. For example, an outflow of $10,485 must be entered as -10485. As usual, no commas, decimal points, or dollar signs.

What is total cash flow from operating activities on this company's statement of cash flows? (2 points)

Answer

What is total cash flow from investing activities on this company's statement of cash flows? (2 points)

Answer

What is total cash flow from financing activities on this company's statement of cash flows? (2 points)

Answer

What is the net change in cash on this company's statement of cash flows? (2 points)

Answer

What is the correct order for the sections of this company's statement of cash flows? (1 point)

investing, operating, financing

operating, investing, financing, change in cash

change in cash, investing, operating, financing

investing, operating, financing, change in cash