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Megan Corporation's net Income last year was $114,000. Changes in the company's balance sheet accounts for the year appear below Increases Decreases) Asset and Contra-Asset
Megan Corporation's net Income last year was $114,000. Changes in the company's balance sheet accounts for the year appear below Increases Decreases) Asset and Contra-Asset Accounts Cash Accounts recelvable Inventory Prepald expenses Long-term Investments Property, plant and equipment Accumulated depreclation $(15,800) (30,000) $11,000 $(18,200) $96,000 $87,000 $90,000 Liability and Equity Accounts $0 Accounts payable Accrued llabilities Income taxes payable Bonds payable Common stock Retalned earnings $(13,680) $(54,000) $36,000 The company pald a cash dividend of $64,800 and It did not dispose of any long-term Investments or property, plant, and equipment. The company did not Issue any bonds payable or repurchase any of its own common stock. The following questions pertaln to the company's statement of cash flows. The free cash flow for the year was: O $163,000 O $359,680 O $185,200 O $98,200 Megan Corporation's net Income last year was $114,000. Changes in the company's balance sheet accounts for the year appear below Increases Decreases) Asset and Contra-Asset Accounts Cash Accounts recelvable Inventory Prepald expenses Long-term Investments Property, plant and equipment Accumulated depreclation $(15,800) (30,000) $11,000 $(18,200) $96,000 $87,000 $90,000 Liability and Equity Accounts $0 Accounts payable Accrued llabilities Income taxes payable Bonds payable Common stock Retalned earnings $(13,680) $(54,000) $36,000 The company pald a cash dividend of $64,800 and It did not dispose of any long-term Investments or property, plant, and equipment. The company did not Issue any bonds payable or repurchase any of its own common stock. The following questions pertaln to the company's statement of cash flows. The free cash flow for the year was: O $163,000 O $359,680 O $185,200 O $98,200
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