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just need help with bottom part in white Homework: Homework chapter 14 I Score: 42.08 of 50 pts 6 of 6 (1 complete) HW Score:

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Homework: Homework chapter 14 I Score: 42.08 of 50 pts 6 of 6 (1 complete) HW Score: 42.08%, E Que % P14-34A (similar to) The 2018 income statement and comparative balance sheet of McKnight, Inc. (Click the icon to view the additional information.) follow: (Click the icon to view the income statement.) Read the requirements (Click the icon to view the comparative balance sheet.) Increase in Accounts Receivable (1,100) Decrease in Merchandise Inventory 12,100 Decrease in Accrued Liabilities (2.200) Net Cash Provided by (Used for) Operating Activities 132,700 Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets 100 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Cash Payment of Dividends (45.400) 23,500 (79,400) Choose from any list or enter any number in the input fields and then click Check Answer 1 part Check Answer Clear All 1 remaining Homework: Homework chapter 14 ns Score: 42.08 of 50 pts 6 of 6 (1 complete) W P14-34A (similar to) The 2018 income statement and comparative balance sheet of McKnight, Inc. (Click the icon to v follow: (Click the icon to view the income statement.) Read the requirements (Click the icon to view the comparative balance sheet.) Casn Fiows Tom Financing Acuvities: Cash Payment of Notes Payable (45,400) Cash Receipt from Issuance of Common Stock 23,500 Cash Payment of Dividends (79,400) (101,300) Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 10,200 15,800 26,000 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Choose from any list or enter any number in the input fields and then click Check Answer 1 part Clear All remaining Score: 42.08 of 50 pts 6 of 6 (1 complete) % P14-34A (similar to) The 2018 income statement and comparative balance sheet of McKnight, Inc. follow: E: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) (Click Read the Cash Payment of Notes Payable (45,400) Acquisition of Land by Issuing Long-term Notes Payable Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Decrease in Accrued Liabilities Decrease in Merchandise Inventory Depreciation ExpensePlant Assets Increase in Accounts Payable Increase in Accounts Receivable Total Non-cash Investing and Financing Activities Choose from any list or enter any number in the input fields and then click Check Answer. - part Clear All remaining 6 of 6 (1 complete) H Data Table McKnight, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 445,000 203,200 241,800 $ Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 79,400 15,000 10,700 105,100 136,700 8,500 (21,200) Interest Expense Total Other Income and nanese (12,700) Print Done nework chapter 14 6 of 6 (1 complete) HW SC Data Table TETSS Revenue 490,000 203,200 241,800 $ Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): 79,400 15,000 10,700 105,100 136,700 Interest Revenue 8,500 (21,200) Interest Expense (12,700) Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense 124,000 19,400 ang Net Income $ 104,600 nu [Print [Done] mework chapter 14 6 of 6 (1 complete) HWS Data Table McKnight, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets 26,000 $ 26,800 79,900 15,800 25,700 92,000 35,400 128,180 (24,280) 272,000 $ 15,000 117,480 (19,780) 246,200 Accumulated Depreciation Plant Assets Total Assets Liabilities Current Liabilities: Print Done mework chapter 14 6 of 6 (1 complete) HW Score: 4 Data Table ation. Plant Assets Accumulated DepreciationPlant Assets 128,180 (24,280) 272,000 $ 117,480 (19,780) 246,200 $ Total Assets Liabilities 35,000 $ 28,200 30,700 30,400 Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities 75,000 100,000 138,200 161,100 Stockholders' Squity Common Stock, no par Retained Earnings 88,200 45,600 133,800 272,000 $ 64,700 20,400 85,100 246,200 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Print Print Done Done CH lomework chapter 14 6 of 6 (1 complete) HW r to) id comparative balance sheet of McKnight, Inc. A (Click the icon to view the additional in Read the requirements. income statement.) comparative balance sheet.) (45,400) s Payable uance Lends i More Info d for) Cash -1, 2017 Additionally, McKnight purchased land of $20,400 by financing it 100% with long-term notes payable during 2018. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $10,500. The plant acquisition was for cash. 31, 2018 Print Done nancing nd Financing Activities er any number in the input fields and then click Check Answer. omework chapter 14 6 of 6 (1 complete) HW Score: -to) comparative balance sheet of McKnight, Inc. A (Click the icon to view the additional information. Read the requirements. come statement.) omparative balance sheet.) Payable ance of Common Stock nds A Requirements (45,400) 23.500 mor) F ash 2017 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment? 2018 Print Done acing Financing Activities any number in the input fields and then click Check

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