Malco Enterprises Sued $10.000 of common stock when the company was started. In addition, Malco borrowed $36,000 from a local bank on July 1 Year 1 The note had a 6 percent annual Interest rate and sone-year term to maturity. Malco Enterprises recognized $72,500 of revenue on account in Year 1 and $85 200 of revenue on account in Year 2 Cash collections of accounts receivable were $61,300 in your hand $71500 in Year 2 Malco paid $39.000 of other operating expenses in Year and $45.000 of other operating expenses in Year 2. Malco reped the loan and interest at the maturity date. Required Based on this information given above record the events in the accounting equation and answer the following questions (Enter any decreases to account balances with a minus signs MALCO ENTERPRISES Efecto Ente on the statements Ants Account Rewable Notes Wholders Coemde Retin Eings LE Pay Payable Yeart Com tok 2. Lo fe CAR SORE 16 In A Enda Ver 2.COM 3o Ep 4. A Pay Pain End .. What amount of interest expense would Maico report on the Year income statement? b. What amount of net cash flow from person actMes woud Malicoteport on the Year Isteement of cash flow! What amount of the would Malcoceport on the December 31, Year 1 balance sheer d. Wris amount of retained eings would Maico report on the December 31, Yeart balance sheet e. what amount of net cash flow from finanong activities would Malco report on the Year Estatement of cachow? What amount of interest expert would Malco report on the Year 2 income statement? 9. Whetornout of net cash flow from operating activities would Malco report on the Yeot 2 statement of cash flows? h. What amount of total assets would Matco report on the December 3 Year 2. balance sheet 1. What amount of net cash flow from investing activities would Malco report on the Year 2 statement of cochows Jif alco Enterprises paid 52000 dividend during Yat2 What retained earnings balance would it report on the December 31, Year 2. balance sheet a. What amount of interest expense would Malco report on the Year 1 income statement? b. What amount of net cash flow from operating activities would Malco report on the Year 1 statement of cash flows? c. What amount of total abilities would Malco report on the December 31, Year 1. balance sheet? d. What amount of retained earnings would Malco report on the December 31, Year 1. balance sheet? e. What amount of net cash flow from financing activities would Malco report on the Year 1 statement of cash flows? f. What amount of interest expense would Malco report on the Year 2 income statement? g. What amount of net cash flow from operating activities would Malco report on the Year 2 statement of cash flows? h. What amount of total assets would Malco report on the December 31, Year 2 balance sheet? 1. What amount of net cash flow from investing activities would Malco report on the Year 2 statement or cash flows? J. If Molco Enterprises paldo $2.000 dividend during Year 2, what retained earnings balance would it report on the December 31, Year 2. balance sheet D a le interest expense Netoas flow from operating acties Totallites Retained earnings Netcash flow from financing activities Intersperse Netcash row from operating activities Total assets Net cash flow from investing activities Retained earning balance 10 1
