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JJP info for the last two years Balance sheets Balance Sheet Year 2 Year 1 Assets Current Assets Cash $ 1 7 , 0 0
JJP info for the last two years Balance sheets Balance Sheet Year Year Assets Current Assets Cash $ $ Accounts receivable Inventory Prepaid Expenses Long term assets Equipment Accumulated Dep. Plant assets Total Assets $ $ Liabilities Current Liabilities Accounts Payable Interest Payable Income taxes payable Dividends Payable Longterm liabilities Long term notes payable Total Liabilities $ $ Stockholders Equity Common Stock $ par Retained Earnings Total Stockholders Equity Total Liab. And Stockholders Equity $ $ JJP Income Statement last year Income Statement Year Sales Revenue $ Costs of Goods Sold Gross Profit Operating Expenses Other Operating Expense $ Depreciation ExpensePlant Assets Interest Expense Total Operating Expenses Operating Income Other Revenue and Expenses Loss on Sale of Plant Assets Gain on retirement of bonds Total other Rev and Exp. Net Income Before Taxes Income Tax Expense Net Income $ Additional transaction data A The accounts payable balances result from inventory purchases. B Purchased $ in plant assets by issuing $ of notes payable. C Sold plant assets with a book value of $original costs of $ and accumulated depreciation of $ for $ cash, yielding a $ loss. D Received $ cash from issuing shares of common stock. E Paid $ cash to retire notes with a $ book value, yielding a $ gain. F Declared and paid cash dividends of $ Required: Develop a Statement of Cash Flows for JJP for the nd year ending December xx
JJP info for the last two years Balance sheets
Balance Sheet Year Year
Assets
Current Assets
Cash $ $
Accounts receivable
Inventory
Prepaid Expenses
Long term assets
Equipment
Accumulated Dep. Plant assets
Total Assets $ $
Liabilities
Current Liabilities
Accounts Payable
Interest Payable
Income taxes payable
Dividends Payable
Longterm liabilities
Long term notes payable
Total Liabilities $ $
Stockholders Equity
Common Stock $ par
Retained Earnings
Total Stockholders Equity
Total Liab. And Stockholders Equity $ $
JJP Income Statement last year
Income Statement Year
Sales Revenue $
Costs of Goods Sold
Gross Profit
Operating Expenses
Other Operating Expense $
Depreciation ExpensePlant Assets
Interest Expense
Total Operating Expenses
Operating Income
Other Revenue and Expenses
Loss on Sale of Plant Assets
Gain on retirement of bonds
Total other Rev and Exp.
Net Income Before Taxes
Income Tax Expense
Net Income $
Additional transaction data
A The accounts payable balances result from inventory purchases.
B Purchased $ in plant assets by issuing $ of notes payable.
C Sold plant assets with a book value of $original costs of $ and accumulated depreciation of $ for $ cash, yielding a $ loss.
D Received $ cash from issuing shares of common stock.
E Paid $ cash to retire notes with a $ book value, yielding a $ gain.
F Declared and paid cash dividends of $
Required:
Develop a Statement of Cash Flows for JJP for the nd year ending December xx
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