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Laicut Reference Mailing Review View Design Layout 10AAA. ** A. A . . . E 21 . AaBbCD AaBbCD AaBbcc AaBbcc 1 Normal 1 No
Laicut Reference Mailing Review View Design Layout 10AAA. ** A. A . . . E 21 . AaBbCD AaBbCD AaBbcc AaBbcc 1 Normal 1 No Spac. Heading Heading 2 Font Paragraph Carr. Corporation's comparative balance sheet and income Matement for last year appear below Styles Comparative Base landel CASH ANC aivalent: heets receivable Inventory Frid = Lateksints Property plans, and qui L ocated depression 605,926 T DC bilities and 60S, 320 Sales Selling and a The company declared and paid $42.760 in cash didends during the ye. It did not dispose of any property, plant and equipment during the year Prepare the operating activities section of the company's statement of cash tows for the year using the direct method (nerall amounts as poslive values except for adjustments to cash basis that are deducted METTER STITI Sac. Corporation's comparative balance sheet and income statement for last year appear below Comparative Balance Sheet Ending Begiming Balance Race Cash and cash equivalents Bccounts receivable 8,210 $ 23,460 Inventory B6, 800 73,130 41,700 49,350 Prepaid expenses 9,810 Long-term 15,900 investments 264,000 212,000 Property, plant, and equipment 545,900 508, ao Leas accumulated depreciation 345, 600 321, 550 Total assets $ 605,320 $ 561, 090 Accounts payable Accrued liabilities 9,540 $ 25,750 25,920 Income taxes payable 18,260 52,900 48,760 Banda payable 168,000 220,000 Common stock Retained earnings 165,000 140,000 183, 960 108,220 Total liabilities and stockholders equity 605,320 $ 561,090 Income Statement Sales $ 926,500 Cost of goods sold 490,500 Gross margin 436,000 Selling and administrative expense 275,400 Net operating income 160, 600 Income taxes 42,100 Net income $ 118,500 The company declared and paid $42.780 in cash dividends during the year. It did not dispose of any property, plant, and equipment during the year. Required: Prepare the operating activities section of the company's statement of cash flows for the year using the direct method. (Enter all amounts as positive values except for adjustments to cash basis that are deducted.)
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