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K Summarized versions of Calabasa Corporation's financial statements for two recent years are as follows. (Click the icon to view the financial statements.) Requirement
K Summarized versions of Calabasa Corporation's financial statements for two recent years are as follows. (Click the icon to view the financial statements.) Requirement 1. Complete Calabasa Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) 2022 2021 Income Statement (in Thousands) Revenues: 13920 $ 14,750 Cost of goods sold 11,100 11680 Other expenses 1,300 1,200 Income before income taxes 1,520 1,870 Income taxes (35%) 532 655 Net income. 988 1,215 Statement of Retained Earnings Beginning balance 3825 $ 2,680 Net income 988 1,215 Dividends (92) (70) 3,825 4721.50 Ending balance: Balance Sheet Assets Cashi 1,180 Property, plant, and equipment 1,547 1,316 Other assets 11,104 Total assets $ 13,600 Liabilities Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities S $ 5,660 4,350 3,370 35 180 9,200 9210 SA $ 425 $ 425. 180 140 4,390 $ 875 (270) (425) (520) (520) Cash Flow Statement Net cash provided by operating activities $ SA 875 Net cash used in investing activities (270) (425) Net cash used in financing activities (520) (520) Increase (decrease) in cash (160) Cash at beginning of year 1,250 Cash at end of year
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